Answer:
D. The knockoff may miss the finer fit and design details of the original.
Explanation:
Knockoffs are popular in the fashion industry of today. Why? Since most designer items are highly wanted, but unreachable and too expensive for the masses, some manufacturers opted to create <em>replicas</em> of those items.
These items are often made in mass production factories. This is why they often miss the artisan and fine touch of the original designer item.
Answer:
Creative destruction.
Explanation:
In 1942, the term creative destruction was first to be used by the notable Austrian economist known as Schumpeter Joseph.
Creative destruction is the economic process of withdrawing investments from low profit sectors and investing in new activities.
This ultimately implies that, creative destruction is a concerted effort towards the deliberate destruction or dismantling of long standing products, processes, practices, procedures or services in order to give room for innovative ideas and an improved technique for the production (manufacturing) of goods and services. Thus, the old technology or methods of production are dismantled so as to pave way for new technologies, procedures, goods and services.
Answer:
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Explanation:
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When using the expenditure approach, we are looking at the total spending of a business that is included in the equation to compute for GDP. For this, I would say government purchases is the answer because government purchases would take up the biggest chunk of a country's revenue for development and imports.