<h2>Yes GDP is a good measure of the prosperity of the average person.</h2>
Explanation:
GDP - Gross domestic Product
The GDP will take the entire output of goods and services produced in a year by everyone within the country's borders.
- Real GDP is the best than nominal GDP
- GDP acts as a component of a human welfare
One drawback of GDP is it does not take the amount of pollution, safety and health. It does not take "well-being" too. Suppose if everyone starts working on weekends without "leisure", "GDP" does not take into account. So now it fails to check prosperity along with well being of the average person.
Answer:
The answer is "the s ucker effect"
Explanation:
Please find the image.
Some people work extremely hard but lose their drive when they see other riders who are not riding in the community. It won't fit, that's exactly what's happening here. After noting other people who did not carry out the initiative, he also began using his telephones and placed down his paper pad. It is also an operation, for which a person works less than a like independent member, as a group member.
Answer:
The answer is because of product differentiation
Explanation:
Under monopolistic competition, the sellers' product are differentiated from one another and this gives the sellers the power to influence prices.
Like perfect competition, the market has many buyers and sellers, free entry and exit but the major difference between the two is the product differentiation.
For example in the mobile phone market, we have Samsung, Infinix, Iphones, Oppo etc. They are all mobile phones but they are different from from one another in the aspect of specifications. iPhones usually charge highest. There is customers' loyalty in this market.
Rent things, get a loan, and even sometimes even buying new things such as cars or houses
McDonald’s requires $750,000 in cash or liquid assets, a $45,000 initial fee, plus a monthly service fee based on the restaurant’s sales performance and rent.
Explanation:
According to McDonald's, total project expenditures, including construction costs and upgrades, vary from $1 million to $2.2 million. The number is determined by the restaurant geography and scale and the preference of kitchen equipment, branding, design style and landscaping.
McDonald's charges a franchisee premium of $45,000 and a monthly service rate equivalent to 4% of gross sales. Franchisees also have to pay rent, a proportion of the monthly sales to the client.
The International Union of Service Employees estimates that franchisees pay an average of 10.7% of revenue in rental costs.
The startup costs for McDonald's franchisee are like those of KFC, Wendy and Taco Bell.