Under the Constitution, it is the President who has the responsibility for relationships with foreign nations, although this responsibility is usually delegated to another position, called the Secretary of State.
The existence of periodic overproduction crisis is a main characteristic of the market economy system.
In general, the more than an economy can produce, the better as the GDP (Gross Domestic Product) figures increase, there is economic growth and high income and employment figures .
But if an excessive quantity of production is offered in the markets in relation to the amounts demanded, there will be situations of excess supply. If such situations cannot be balanced, a big crisis arises, as producers will have large unsold stocks, factories with an enormous capacity if compared to the amount they can sell according to the demand, and much more workers than they need.
In this situation many plants have to close down, workers are fired and sometimes even the whole business goes bankrupt.
The contradiction happens because high production figures are not leading to economic growth or recording positive figures. Alternatively, an overproduction crisis takes place with the very negative consequences described above.
Answer:
The invention of eCommerce changed retail forever.
Explanation:
The retail sector has seen a sharp decline in store sales ever since eCommerce has gained momentum. Since eCommerce offers a cheaper and time saving mechanism of shopping, and an efficient and cost friendly system to operate for vendors, the conventional store model has suffered greatly. More and more businesses are moving their sales system completely online and the example of Amazon having soared in value to record heights on its online marketplace backbone is a testament to this fact.
Darwinism came up with the idea of natural selection.
