The factors that impede business ability of African can be liken to trade barriers experienced in African region.
Many potential entrepreneur have been discouraged from starting their enterprises because of various business impediment.
The factors that impede the business ability includes:
- Lack of good road route to deliver goods.
- High tax rate for local produced goods.
- Very high rate of import duties.
- Corruptions among officers with key position
- Lack of support for Small & medium enterprises (SME)
- Inaccessibility to finance for the business such as loan.
- Unfavorable government policy or regulation on business corporation
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Answer:
Marginal principle
Explanation:
Marginal principle is the principle that states that individuals and firms pick the activity level where the incremental benefit of that activity equals the incremental cost of that activity. Marginal principal in nutshell is study about economic decisions and effect of change in variable and its effect on other variable. Marginal principal focus on the additional variable like labor and its effect on productivity generated in terms of output. Marginal principal considers both marginal benefits and marginal cost. marginal principal is important concept in economics that direct the over all industries and their output because they consider the additional cost of resources and additional benefits from them. marginal principal takes into account the marginal cost of producing one unit and its benefits incurred in terms of productivity and output.
Answer:
The millions of workers leaving the job market for the reasons given are:
- B) not counted as unemployed in the BLS data because they are no longer actively looking for work.
Even if they don't find a job right away, people entering the job market after graduating from high school or college will
- A) be counted as part of the labor force by the BLS if they are actively looking for work.
Explanation:
The unemployment rate includes everyone that doesn't have a job but has actively looked for one during the last 4 weeks (generally a month because the unemployment rate is given on a monthly basis), and are currently available and willing to work.
The Phillips curve argues that unemployment and inflation are inversely related
<h3>What is
Phillips curve?</h3>
The Phillips curve is an economic model named after William Phillips, who hypothesised a link between lower unemployment and higher rates of wage growth in an economy.
The Phillips curve is a graph that depicts the economic link between the rate of unemployment (or the rate of change in unemployment) and the rate of change in money earnings. It is named after economist A. William Phillips and suggests that when unemployment is low, wages tend to rise quicker.
According to the Phillips curve, inflation and unemployment are inversely related. Lower unemployment is associated with higher inflation, and vice versa. The Phillips curve was a notion used to drive macroeconomic policy in the twentieth century, but it was put into doubt by the 1970's stagflation.
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