Answer:
In economics a demand is defined as the quantity of goods and services that customers are capable to buy and that they find desirable to buy at a particular price for that period of time .
Demand is dependent on the customer's needs and wants each customer may have different things that they consider to be needs to them and those they consider as just wants.
This also depends on affordability, if one doesn't have the money to buy the product then the demand isn't effective.
When the price of the product rises usually it's demand decreases and vice versa when the price fall the quantity of that product demanded will increase.
Answer:
Kenya is the most largest and most advanced economy in East and Central Africa; with strong growth prospects supported by an emerging, urban middle class and an increasing appetite for high-value goods and services.
Explanation:
Answer:
- Gains from trade
- Consumer Satisfaction
- Greater Efficiency
- Growth Opportunities
Explanation:
According to Investopedia, specialization is a method of production where an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency.
A country can specialize on the production of a particular commodity or service that is peculiar to their part of the world giving them the opportunity to become very efficient and have more opportunities for growth. Some of the benefits of specialization in a country include;
- Economies of scale/ greater efficiency: A country that is involved in specialized production will have very efficient production because the more focus they have on one task, the more efficient they become at this task which reduces the time and money involved in producing a good.
- Gains from trade: Two countries that both have comparative advantages on different products will benefits greatly if they continue in their specialized products and trade. For example country X produces fabric at a very cheap rate and country Y produces rice at a very cheap rate. It will cost country X a greater amount to start rice production than to just trade and get rice from country Y and vice versa. So both countries benefit from specializing and trading.
- Growth Opportunities: A country can gain access to the world market which allows them to grow bigger and in turn increase their efficiency.
- Consumer Satisfaction: Specialization means that cost of production is lower which makes the cost of goods relatively cheaper.
Answer: B) The National Response Framework
Explanation:
The NATIONAL RESPONSE FRAMEWORK as opined by the Federal Emergency Management Agency (FEMA) is essentially a guide that dictates how the United States should react and respond to all types of disasters be they small or large.
It is based on concepts and principles identified by the National Incident Management System to align key roles and responsibilities nationwide.
Composite volcanoes are tall, steep cones that produce explosive eruptions. Shield volcanoes form very large, gently sloped mounds from effusive eruptions. Cinder cones are the smallest volcanoes and result from accumulation of many small fragments of ejected material.
