Answer:
Explanation:
Often scarcity is caused by a combination of demand and supply induced effects. A rise in demand, e.g. due to rising population causes overcrowding and population migration to other fragile ecological areas
Answer:
the costs that change depending on a company's performance
Explanation:
Variable costs refer to the costs that fluctuate with the level of production. An increase or decrease in the output level results in variable costs moving in the same direction. If the business stops production, the variable costs will be nil.
Raw materials and packaging costs are good examples of variable costs. The more a company produces, the more materials it consumes, and the higher the costs of purchasing the materials.
Answer: they had more security
Explanation:
Answer:
D) short-run fluctuations in output and employment
Explanation:
The business cycle and the economic cycle are basically the same thing. They both refer to the fluctuations (growth and shrinkage) of the gross domestic product. It is usually divided into 4 periods:
- Expansion: the economy is growing, GDP is increasing, total economic output increases.
- Crisis: economic growth stops, and the GDP starts to fall
- Recession: the economy starts to shrink, and the GDP decreases. Total economic output decreases, as well as prices.
- Recovery: the economy hits a low point, and then starts to bounce back.
According to McGregor's Theory Y method, a manager might think that workers ought to be involved in both problem-solving and problem-definition.
One of the theories that has a significant impact on both management and employees is McGregor's theory. Additionally, McGregor's descriptions of two different theories, namely Theory X and Theory Y, are further explained below along with each theory's central tenets.
According to Theory Y, a manager's positive perception of their team problem-solving members will increase employee motivation. Managers erroneously McGregor's Theory Y believe that a decentralized approach that strengthens teamwork, collaboration, and trust can address employee demotivation.
Contrary to Theory X, this theory holds that managers do not believe that problem-solving control motivates workers. The team members must be motivated by McGregor's Theory Y meeting their needs for social interaction, self-actualization, and self-esteem.
Learn more about McGregor's Theory Y here
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