Answer:When a country's GDP is high it means that the country is increasing the amount of production that is taking place in the economy and the citizens have a higher income and hence are spending more. However, increase in GDP does not necessarily increase the prosperity of each and every income class of the nation.
Explanation:
Amount invested in both schemes is $45,000
returns in investment g is 75,000 in 6 years.
yearly return is:
75000/6=12,500
returns in investment h is 105,000 in 9 years
yearly return is:
105,000/9
=11,666.67
from the above results we can conclude that investment g has the higher returns.
Answer:
<u>product recalls</u>
Explanation:
Note, the Consumer Product Safety Commission is an agency that is concerned with consumer product safety in general regardless of whether they are food-related products or not.
Hence, <u>this agency among its stated primary objectives on its official website includes carrying out product recalls where necessary.</u>
Answer:
stable because at this price the quantity demanded equals the quantity supplied.
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
Generally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.
Four new manufacturing processes include 3D printing, smart factory, IIoT, and virtual reality, these technologies have a positive impact in diverse sectors and are used for manufacturing
During the last years, the development of technology has produced different objects such as smart appliances, smartphones, smart cars that have changed people's lives.
These technological improvements have also revolutionized the way of manufacturing different objects because they have improved the design, production, and marketing processes of the products. Several developments that have contributed to the industry are:
3D printing: It is a development that allows manufacturing objects or parts in different materials derived from petroleum.
- This technological advance affects the parts manufacturing sector in different ways
- In a toy factory, this development allows creating the parts of the toys much easier and more efficient
Smart factory: It is a technological development that allows improving the manufacture of objects through the use of digitized and connected machines to improve the production process.
- This technological advance affects all manufacturing subsectors because it integrates all processes.
- In a car factory, this development allows the assembly of a car to be done automatically and efficiently
Industrial internet of things (IIoT): It is a technological development that allows improving the manufacture of objects through the use of digital devices that work with artificial intelligence that perform a process and also analyze data to make productivity improvements.
- This technological advance affects all manufacturing subsectors because it integrates all production processes.
- In a food factory, this development allows production, packaging, sealing, and other processes to be carried out completely in the best way.
Virtual reality: It is a technological development that allows improving the manufacture of objects through the use of simulations that allows us to know previously how the performance of an object will be.
- This technological advance affects the design and quality control process to evaluate the functionality of the manufactured object.
- In a high-end bicycle factory, it allows knowing the performance of the materials in different types of roads, climatic conditions, and situations.
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