Answer:
<em>Closing statement</em>
Explanation:
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<span>The answer is
number 1, conspicuous consumption. It is the acquisition of goods or services
for the particular purpose of displaying one's wealth. Conspicuous consumption
is a means to display one's social status, especially when the goods and
services publicly displayed are too expensive for other members of a person's
class. This kind of consumption is characteristically associated with the
wealthy but can also relate to any economic class. The concept of consumerism
stems from conspicuous consumption.</span>
The revenue recognition principle states that companies typically record <u>revenue in the period in which they provide goods and services to the customers</u>.
The revenue recognition principle approach that agencies' sales are diagnosed while the product or service is taken into consideration and introduced to the customer — now not when the cash is acquired
The revenue recognition precept states that sales should be recognized and recorded while it is realized or realizable and when they are miles earned. In different phrases, groups shouldn't wait till sales are really accrued to document it in their books. revenue needs to be recorded when the business has earned the revenue.
According to usually accepted accounting principles, for a company to document revenue on its books, there needs to be a vital occasion to signal a transaction, including the sale of products, or a contracted mission, and there needs to be a fee for the products or services that matches the said price or agreed-upon fee.
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The possibility that the economy may benefit from having market power, rather than being very competitive, is closely identified with Joseph Schumpeter.
Three decades later, in Capitalism, Socialism, and Democracy (published in 1942), Schumpeter advanced the theory that large firms with market power accelerate the rate of innovation. Market power is inherent to Schumpeterian growth—new firms may emerge and eventually come to dominate an industry through “creative destruction”. The term "creative destruction" was created by him to explain how the old is continually being replaced by the new. According to Schumpeter, economic development is not smooth and progressive but rather fragmented, abrupt, and occasionally unpleasant.
Additionally, Schumpeter introduced the idea of entrepreneurship. Though John Maynard Keynes' opposing theories first cast a shadow over Schumpeter's work, it has since come to dominate our understanding of how economies develop.
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Answer:
$32769.90
Explanation:
As, Amount = Principcal( 1 + Rate/100)^n
So, 25000 ( 107/100) ^ 4 (as, n = time = 4 years)
So answer= $32,769.90