Answer:
Countries have a comparative advantage in production when they can produce a good or service at a lower opportunity cost than other producers.
When people are led to think about their own death they are more attracted to a charismatic leader.
The German sociologist Max Weber invented the idea of charismatic authority. It involves a kind of organisation or leadership where the leader's charisma confers authority. This contrasts with two other sorts of authority, namely traditional authority and legal authority. The three categories of authority that Max Weber identified are comprised of each of the three sorts.
The first time the word "charisma" came into use was in Saint Paul's writings to the fledgling Christian communities in the first century.
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Market economy and free enterprise
The nominal interest rate will rise by 3%.
Nominal interest rate is the sum of real interest rate and inflation rate. Real interest rate is interest rate that has been adjusted for inflation. Inflation is the persistent rise in general price levels.
Nominal interest rate in year 2 = real interest rate + inflation rate
6% + 3% = 9%
Nominal interest rate in year 1 = 6%
Change in nominal interest rate = 9% - 6% = 3%
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Despite that 4Ps helped to remember the basics components of the <u>marketing mix</u>, they do not reveal all the components in the marketing process.
<h3>What is Marketing 4Ps?</h3>
The Marketing 4Ps is an economic model that enhances the components of a firm "marketing mix", that is, they enhance the way firm take a new product or service to market.
The Marketing 4Ps includes price, product, promotion and place.
However, the marketing mix does not reveal all the components in the marketing process.
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