An economy maintains a small rate of growth for a long period of time, then the size of the economy: can increase by a large amount.
The real gross domestic product is employed to calculate it (GDP). long growth is delineated as an economy's ability to make additional products and services over time
There are 3 main factors that drive the economic process, Accumulation of capital stock will increase parturient inputs, like employees or hours, worked, and Technological advancement.
Physical capital, human capital, labor, and technology area unit all typically want to model growth in social science. Increasing the quantity or quality of working-age folks, the tools they need at their disposal, and therefore the recipes they need for combining labor, capital, and raw materials can end in higher economic output.
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The importance of goal setting is numerous and some of them include:
- Increased productivity
- Helps one to focus on goals
- They improve self-mastery
<h3>What is Goal Setting? </h3>
This refers to the process where a person takes proactive measures towards achieving a set goal.
Hence, we can see that goal setting helps one to stay focused and find working systems to achieve them and when writing about goal setting, the main idea would always be how to be more productive.
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Answer:
B) Focusing on a more narrowly defined segment and "outfocusing" the focuser.
Explanation:
Ikea is a cost leader, but it also focuses on offering differentiated features that appeal to its target market (young buyers interested in stylish furniture at low cost), like unique designs, extended hours, playrooms for customers' children, etc.
So if another firm wants to beat Ikea at its own game, it must offer similar but better services and products by focusing on Ikea's strengths and beating them on their own game.
Answer:
The answer is that long-term immediately and long-term after the year
Explanation:
The holding period of the partnership interest tacks on the previous holding period of 1231 property contributed.
Answer:
King Arthur, right now Avalon's unemployment rate is <u>12.5%</u> but Avalon's natural rate of unemployment is 14.58%. Therefore, the Avalon economy is currently in a expansion.
Explanation:
Number of Unemployed = Labor force - Employed
Number of Unemployed = 24 - 21
Number of Unemployed = 3
The unemployment rate = (3/24)*100
The unemployment rate = 12.5%
The Natural unemployment rate = Frictional Rate + Structural unemployment Rate
The Natural unemployment rate = [(2+1.5)/24]*100
The Natural unemployment rate = (3.5/24) * 100
The Natural unemployment rate = 14.58%
From the solution, the current unemployment rate less than natural rate, thus the Avalon economy is currently in a expansion
