This idea is most consistent with LAISSEZ FAIRE type of management in which the employees are allowed to use their ideas and creativity to flourish in their areas of specialization. The management takes a back seat role in the company and only offer guidance when needed.
When economists refer to "demand," they are speaking of<u> a schedule of amounts of a product that buyers would purchase at alternative prices in a given time period.</u>
Answer:
The correct answer is option d.
Explanation:
A price ceiling is binding when it is fixed below the equilibrium price. In this case, the quantity demanded is greater than quantity supplied. This creates a shortage in the market.
If the government removes a binding price ceiling from a market, then the price will increase. At a higher price, the producers will supply more, while the quantity demanded will decrease. The overall quantity sold in the market will increase.
Answer:
As the demand for a certain type of jobs increase, the amount of people who are willing to supply their labor also increased. Job that are the most stable and has high payment are the types of jobs that high in demand but low in supply.
Personally, I think you should think about supply and demand when determining your career. But, you shouldn't make it your sole criteria.
Salary is important. It's provide safety for you and loved ones to fulfill your basic needs. It also allow you to follow a certain type of lifestyle. But, passion and happiness also extremely important. You need to make sure that the job that you do is not taxing your general well being. You need to find balance between the two.
