In developed economies such as United States, the sector which dominates the economy is the consumer service sector such as legal firms and hospitals. The other sectors in this type of economy are increasingly dominated by automation and the workforce in this sector fall, while the consumer service sector continue to grow based on human service. The services rendered by this sector can not be easily automated.
Answer:
Government policies can help stabilize the economy.
Economic condition of any economy can be determined by determining its GDP and level of employment in the economy. Government policies like Fiscal or Monetary Policies can help stabilize the economy. If the economy is passing through recession,the expansionary monetary or fiscal policies can be implemented by the government. Government can reduce the CRR and Repo Rate and relaxes taxation policy so that more amount is left with the people to raise their living standards. On the other hand, at the time of prosperity,contractionary monetary or fiscal policies can be used . CRR and Repo Rate can be raised and tight taxation policy leave the public with less disposable income and thus their demands come down.
Increasing productivity leads to economic growth
Any economy stands on basically four pillars : GDP, Inflation, Employment and National Income.
As the productivity improves,the GDP of the economy grows.For higher level of production higher level of worker participation is required leading to higher level of employment. It will lead to higher supply of commodities and thus the price and inflation can be controlled. Higher level of employment also leads to higher level of National Income.Thus overall, the economic growth takes place.
Thus we can say that Increasing productivity leads to economic growth.
Answer:
In short, sustainability in business refers to the effect that companies have on the environment or society. A sustainable business strategy aims to positively impact one or both of those areas, thereby helping address some of the world's most pressing problems, such as climate change and income inequality.
Explanation:
yeah
Answer:
the Hawthorne effect
Explanation:
The Hawthorne Effect is the theory that states that people are more likely to modify their behavior because they are under study or evaluation and not as a result of response to stimuli.
Therefore, according to the given question, Pete Jazoni's output nearly doubled once it was selected for special attention by experts. This is an example of the Hawthorne effect.
