In recent years, new mp3 and digital technologies have replaced compact disks. This is an example of creative destruction.
Creative destruction is an economic concept most closely identified with the Austrian-born economist Joseph Schumpeter since the 1950s. Schumpeter derived it from Karl's work on Marx and popularized it as the theory of economic innovation economics. Sometimes called a Schumpeter storm.
According to Schumpeter, a 'creative destruction storm' is a process of industrial mutation that is constantly transforming the economic structure from within, constantly destroying the old and always creating the new. ”.In Marxist economic theory, the concept more generally refers to the interconnected processes of wealth accumulation and destruction in capitalism. We owe the first use of these terms to German sociologist Werner Sombart in his book War and Capitalism (1913).
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Answer:
Hasalot has a near absolute advantage in Diamontite.
Explanation:
in this scenario, the best which describes the situation that Hasalot has a near absolute advantage in Diamontite.
Answer:
The partial labor and capital productivity figures for the parent and subsidiary is 5.03 units per hour, 1.37 units per hour and, 1.68 units per hour, 4.20 units per hour
Explanation:
The computation of the partial labor for the parent and subsidiary is calculated by applying the formula which is shown below:
= Sales ÷ Labor (hours)
For U.S = 100,080 units ÷ 19,880 hours = 5.03 units per hour
For LDC = 20,500 units ÷ 14,880 hours = 1.37 units per hour
The computation of the capital productivity for the parent and subsidiary is calculated by applying the formula which is shown below:
= Sales ÷ Capital equipment (hours)
For U.S = 100,080 units ÷ 59,400 hours = 1.68 units per hour
For LDC = 20,500 units ÷ 4,880 hours = 4.20 units per hour
Answer:
1. True.
2. True.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
1. The discount rate is the interest rate the Fed charges on loans of reserves to banks.
2. The federal funds rate is the interest rate banks charge for overnight loans of reserves to other banks.
