Implicit costs are imputed costs of self-owned and self-employed resources.
Example:
- (i) Interest on entrepreneur's own capital.
- (ii) Rent on entrepreneur's own land used in business.
D. a pyramid, because at the top there is less room, because not many people were wealthy, and large at the bottom because the masses were very poor and a lot of people were poor.
One of the most important sources of energy is the sun. The energy of the sun is the original source of most of the energy found on earth. We get solar heat energy from the sun, and sunlight can also be used to produce electricity from solar (photovoltaic) cells
1) Renewable energy
energy from a source that is not depleted when used, such as wind or solar power
2) non renewable energy
A non-renewable resource is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption
Answer:
D: Willing to be in credit
Explanation:
Answer:
d. all of the above
Explanation:
Arbitration is a legal technique of resolving disputes outside the courts, whereby parties involved in the dispute refer it to an arbitrator (the "arbitrators", "arbiters" or "arbitral tribunal") or arbitrators( one or more persons) , by whose decision (the "award") they may be bound(as in mandatory arbitration) or not(as in voluntary or nonbinding arbitration).
The above methods of arbitration :peer review, arbitration, mediation all allow the dispute parties' input before arbitration decision. Peer review method involves dispute resolution in the workplace whereby employees are able to take disputes to fellow employees and managers to act as arbitrator to resolve disputes which may not be binding on the parties. Mediation on another hand is a dynamic method of dispute resolution where a third party helps to resolve disputes by helping dispute parties negotiate to resolve to dispute. Arbitration however differs from mediation in that the arbitrator makes decisions based on evidence presented and not waiting to negotiate an agreement between both parties. All three methods however require dispute parties to make inputs so as to arrive on final decision.
