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1 year ago

Why do you think average income is an important criterion for development explain.

1 answer:

7 0

Average income is important because it tells us the income of an average person and gives an idea about the rising standard of living of people.

Average income is basically income earned per person in a given area in a specific year. More income means more money to fulfill your needs and wants. It is believed that the prosperity of a country depends on it. Money is considered an important factor in the development of a country. If the average income of a country increases there are chances of an increase in the development of that country. If the average income is lower there are fewer chances of development.

A country with high average income is considered rich and low average income country is considered poor. The World Bank also uses the average income to measure the development of any country. Therefore average income is considered a very important criteria for development.

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Verdich [7]

Answer:

awww thank you sooo much <3

Explanation:

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3 years ago

Read 2 more answers

1. Under the system of awarding damages for bodily injury, death, or damage to property based upon the negligence of a driver, v

svetlana [45]

Answer:

Pay

Explanation:

Auto liability insurance helps offset the costs of bodily injuries and property damages to the other driver. The principle applies if you are the one at fault in the of an accident.

Auto liability insurance coverage is mandatory by law. It covers the medical expenses of the other party. In some circumstances, it may cover lost wages and legal fees in case the other party files a lawsuit. It also covers the repair or replacement cost of the other drivers' car.

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3 years ago

Assume starbucks increased its spending on advertising by 35 percent to increase sales in its current markets. Which growth stra

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We can see here that if we assume that Starbucks increased its spending on advertising by 35 percent to increase sales in its current markets. The growth strategy this represents is: (d) Market penetration.

<h3>What is market penetration?</h3>

Market penetration actually refers to the success recorded by an organization or company in the selling of their goods and services to a specific market. Sales volume of the existing goods or services is actually used to measure market penetration.

The options that complete the question are:

(a) Market development

(b) Divesting

(d) Market penetration

(e) Product development

Thus, if Starbucks was able to increase its spending on advertising by 35 percent in order to increase sales in its current markets, then they had market penetration.

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2 years ago

As a birthday gift, you are mailing a new personal digital assistant (PDA) to your cousin in Toledo. The PDA cost $250. There is

Annette [7]

Answer:

Yes, it is worth $4 to insure a Personal Digital Assistant

Explanation:

Eery action has its benefits and disadvantage. The benefits of sending your cousins a Personal Digital Assistant mail is of great benefit to him. Therefore, if the chances of losing it to damage or lost is two percent, whereas with four percent, the damage or lost is covered and insured. Then the later becomes inevitable.

Evaluating it further it is better to lose additional charges for a set purpose, than to lose its capita l values .

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3 years ago

Understanding opportunity cost

vaieri [72.5K]

Answer:

D.$24

Explanation:

Opportunity cost: The opportunity cost is that cost which gives the best alternative option

The computation of the total cost is shown below:

= Earning per hour + admission fee

= $15 per hour + $9

= $24

Since the question is asking for the total cost, so we consider both the costs i.e earning per hour and admission fee.

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3 years ago