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ziro4ka [17]
3 years ago
8

Explain the relationship between the use of human capital and level of development ?

Business
1 answer:
Stolb23 [73]3 years ago
5 0
<span>Human capital includes skills and knowledge one ones, which can be used to provide economic value. Consequently, the greater the human capital the greater level of development will be, since more skills and knowledge will be used for prosperity. Some of the advantages of minimum wage workers is that less money is taken from state budget in order to pay their work and some unemployed workers will be challenged to search for a job, since minimum wage is more optimal than public assistance. Disadvantage is that families of those workers are living poorly.</span>
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2) Consider the taxi market, a constant cost competitive industry. To operate a taxi an entrepreneur needs a license. Show graph
Arturiano [62]

Answer:

The new entrant of UBER has led the taxi fares to drop by significant amount. The competition has increased and customers have now choice available to choose from lowest fares.

Explanation:

The taxi market is competitive industry but since there was no specific organization behind the taxi union which governs the taxi fares, the taxi drivers were free to charge the fare they want. The entry of UBER in the industry has enables the customers to switch from normal taxi to UBER as it provides ease of online booking with lowest possible standard fares.

7 0
3 years ago
Cost reduction is still the number one priority for many supply chain executives, according to the MHI and Deloitte survey. Sele
zhenek [66]

Answer:

MHI and Deloitte Survey

Cost Reduction #1 Priority

True

Explanation:

For supply chain companies to achieve their profit targets, they need to curtail costs.  Consumers are not ready to absorb much costs as they are presented with low-priced alternatives.  The competition for customers among supply chain organizations is very high.  Everyone competes for the dollar the consumer is willing to spend on goods.  With property and advertising costs skyrocketing, careful management of the cost structure is required.

7 0
3 years ago
Based on the circular flow of business, what are two ways that households impact the economy? A) They provide wages and products
bonufazy [111]

Answer:

D. They provide the four factors of production and spend money on the product market.

Explanation:

In circular flow of business, all the players namely; household, government agencies, firms and others in an economy have an important role to play.

The level of a nation's employment status, price level and income are determined as a result of various interactions among firms/businesses, household and government agencies.

When a unit spends money, it becomes the income of another unit. Household goes to market with their monies to buy goods and services, while firms goes to the factor market to buy the resources, which are owned by the household, to produce the goods and services.

As for the government agencies, they collect taxes on the goods and services produced and on income(both household and firms) . Government also buys goods and services inorder to produce specialize goods.

Through these interactions, money and business changes hands from the household to the firm and then to government. It goes back to the household and the list goes on and on.

7 0
3 years ago
Swen Inc. is a global retail chain based in New York. It expands into France and sends Gerard, an American citizen and a trusted
Soloha48 [4]

Answer:

The correct answer is D

Explanation:

Expatriate manager is the one or the workers who are migrated from their home country to the outside nations in order to earn more than the in the home country.

In this case, Company expands the operations in France where they sends Gerard who is a citizen of American. So, this is an expatriate manager as he was migrated to France.

3 0
3 years ago
What are the four segments in a PEST analysis?
makvit [3.9K]
Political, economic, social and technological
5 0
2 years ago
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