The existence of periodic overproduction crisis is a main characteristic of the market economy system.
In general, the more than an economy can produce, the better as the GDP (Gross Domestic Product) figures increase, there is economic growth and high income and employment figures .
But if an excessive quantity of production is offered in the markets in relation to the amounts demanded, there will be situations of excess supply. If such situations cannot be balanced, a big crisis arises, as producers will have large unsold stocks, factories with an enormous capacity if compared to the amount they can sell according to the demand, and much more workers than they need.
In this situation many plants have to close down, workers are fired and sometimes even the whole business goes bankrupt.
The contradiction happens because high production figures are not leading to economic growth or recording positive figures. Alternatively, an overproduction crisis takes place with the very negative consequences described above.
While industrial psychologists focus on the relationships between people and work, <u>organizational psychologists </u>study the behavior of people in workplaces such as businesses. group of answer choices.
A psychologist is an expert who practices psychology and research mental states, perceptual, cognitive, emotional, and social tactics, and conduct. Their paintings often include the experimentation, observation, and interpretation of how individuals relate to every difference and to their environment.
Industrial and organizational psychology, an carried out field within psychology, is the technological know-how of human behavior in the workplace.
A workplace is a region in which someone works for his or her employer or themselves, an area of employment. Such a place can vary from a domestic workplace to a big workplace construction or factory.
Learn more about psychologists here: brainly.com/question/12011520
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Answer:
The airlines base the policy on the assumption that the consumer demand is less elastic as time of departure approaches.
Explanation:
Price Elasticity of Demand refers to price sensitivity; i.e. the rate at price changes with demand.
As the purchase and flight departure gets smaller, the arrival rate of the passengers will definitely change.
When the demand of a commodity is less elastic, then it will cause a large changes in price of that commodity to effect a change in quantity consumed.
Answer:
Its base is in Dutch words, but it was affected by local, European and slave languages.
Explanation:
Afrikaans which is the official language people used during the apartheid era is known to have evolved during the 19th century in Southern Africa. The language is said to have its roots mainly in Dutch, then mixed with Khoekhoe, San languages and Portuguese.
Since the language is associated with white speakers, it was then concluded that it was a “white language”.
Explanation:
holds information of particular events, their time, and their place
