<u>Answer:</u>
<em>Mixed economics places some limits on the safety of society.
</em>
<em></em>
<u>Explanation:</u>
As the name infers, a mixed economy is a type of framework where all exercises underway, just as those performed by private and government substances, mix free enterprise with different sorts of regulations. Both the general population and individual parts can work similarly, which implies that financial advancement will be speedier.
This is particularly evident, thinking that financial assets will be used effectively. Additionally, the consumption of assets will be backed off. What's more, the legislature would likewise attempt to build up every division of the population.
It is true that the general increase in prices over time we pay for goods and services is known as inflation.
<h3>What is inflation?</h3>
Inflation is the term used to describe an increase in the price of goods and services that households buy. It is determined by how quickly these prices fluctuate. Prices frequently rise with time, but they can also fall (a situation called deflation).
The main categories of inflation are as follows:
Demand-pull inflation: It explains how rising prices for products and services can result from increased demand. People will typically pay more for something if there is a shortage of it.
Cost-push inflation: When demand-pull inflation is active, it frequently starts up. Businesses must raise their pricing as a result of rising raw material costs, regardless of market demand.
Built-in inflation: Employees may start requesting pay increases from their employers as demand-pull inflation and cost-push inflation take place. Employers risk experiencing a labor scarcity if they don't keep their pay competitive.
Built-in inflation occurs when a company increases employee wages or salaries while also trying to maintain profit margins by boosting prices.
To know more about inflation, visit:
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As far as I remember the four stages or steps in production planning and control are:
- Routing,
- Scheduling,
- Dispatching, and
- Follow-up.
to me, it seems to be part of the <u>scheduling </u>step.
Good luck on your exam
Answer:
Opportunity cost
Explanation:
A country is said to have a comparative advantage in producing a good, if it has a lower opportunity cost of producing that good in comparison to the other country. For instance if the opportunity cost of producing Wheat in U.S is 2. While that in China is 1. It shows that China has a comparative advantage in producing wheat as compared to the U.S.
So a nation that has a comparative advantage in producing a good or service compared to the other nation can produce that good or service with a lower opportunity cost.
Efficiency, Profit and Resource cost are not directly related to comparative advantage. Although efficiency can contribute towards lower opportunity cost but it is not a scale used for international trade.
Thus, lower opportunity cost is the best alternative.
Budgeting allows management to decentralize responsibility while yet maintaining control over the company. It quickly uncovers organizational flaws, inefficiencies, and deviations that may be addressed in order to reach a desired goal.
