All categories

4 years ago

is the process of an economy’s increasing industrialization, standard of living, and economic wealth.

Business

2 answers:

dem82 [27]4 years ago

6 0

Answer:

Development

Explanation:

Development in economy is the process that cultures or nations undergo when they start to industrialize their economy, when they increase their Gross Domestic Product, and with this the standar of living, along with the increase in economics an increase in education, health and services is observed, that´s why it is called development because the society develops.

SVEN [57.7K]4 years ago

5 0

Development is the process of an economy’s increasing industrialization, standard of living, and economic wealth.

When there is a development in economics, they focus on improving the fiscal economic and social conditions in developing countries. Development does not happen over night or at a fast pace but eventually the areas they want to have developed become more economically sound to keep up with the economy's needs. There are 4 stages of economic development, they are expansion, peak, contraction and trough.

You might be interested in

Ben & Jerry's mission to make the world a better place is linked to various organizational and marketing strategies, one of

iogann1982 [59]

Answer:

Caring dairy

Explanation:

Caring dairy strategy is based on the following principle.

They check if a cooperative guarantees the following:

1. Supplies are hormone free

2. Bovine growth is hormone free

If they have a cooperative's guarantee then they buy milk and cream from that cooperative

In this way they are safe and can claim that their products are also hormone free

8 0

4 years ago

Labor demand is less elastic when: _____________

garri49 [273]

Answer:

The correct answer is B. Labor demand is less elastic when a large amount of labor is essential to the production process.

Explanation:

Inelastic demand is one that is not very sensitive to sudden changes in its quantity, even in the face of important changes in the context in which they operate, such as a change in the price if it is a product for sale, or in the working conditions or wages if you talk about labor demand.

Thus, in the case of a job in which high amounts of labor are needed, the labor demand will remain stable despite these changes, as workers will perceive that it is a position of easy access and hiring.

8 0

3 years ago

Maddie has been working as the creative head at Juno Designs for the past 25 years. Although she likes her job, she has begun to

Llana [10]

Answer: continuance commitment

Explanation: In simple words, continuance commitment refers to the situation when an individual working as an employee in an organisation does not want to leave it due to the costs involved in taking the decision.

In the given case, Maddie is going to retire in five years, if she leaves now she will loose the retirement benefits also the uncertainty regarding the new project is high leading to heavy opportunity costs.

7 0

3 years ago

Suppose Charlene Brewster has times (in seconds) of 8.4, 8.6, 8.3, 8.5, 8.7, 8.5 and a performance rating of 110%. The no

const2013 [10]

Answer:

8.5

Faster than Normal

Explanation:

Charlene Brewster normal time for the operation will be calculated by taking average of times.

( 8.4 + 8.6 + 8.3 + 8.5 + 8.7 + 8.5 ) / 6

= 8.5

The normal time will be calculate by dividing the Charlene Brewster time by performance rating

8.5 / 110% = 7.7

The Charlene work performance is rated as faster than the normal time.

7 0

3 years ago

On January 1, Year 1, McClurg Corporation issues 5%, 11-year bonds with a face amount of $70,000 for $76,180. The market interes

Mice21 [21]

Answer:

The journal entry for the issuance of the bond is shown below:

Explanation:

The entry to be posted on Jan 1

Cash A/c..............................................Dr $76,180

Premium on bonds payable A/c........Cr $6,180

Bonds Payable A/c..................................Cr $70,000

As bonds issued, so cash is increasing and any increase in cash is debited. Therefore, the cash account is debited. But the bonds issued at a premium so the premium on the bonds payable will be credited. And bonds payable account is credited.

6 0

3 years ago