More time spent perfecting skills compared to college
This practice allows a company to discover the target market and record opinions and other input from consumers regarding interest in the product
Answer:
Explanation:
30 - 21 = 9 years
r = 3% inflation
FV = 25,000
We know that FV = PV(1+r)^n
25,000 = PV(1+0.03)^9
PV = 25,000/ 1.3047731
PV = 19,160.42, this is how much it worth today
Answer:
a. The factor distribution of income describes the relationship between
3. capital and total income
b. The factor market and factor prices
1. allocation of income.
Explanation:
In economics, income distribution is defined as how a nation's total GDP is distributed amongst its population. On the other-hand, The factor distribution of income is the division of total income among labor, land, and capital. <em>Factor prices, which are set in factor markets, helps in the determination of the factor distribution of income.</em>