Answer:
- Private property rights:
- Institutions and incentives
Explanation:
- Private property rights → they are constructs that determine how a resource or economic good is used and owned. They can be view as an attribute of an economic good, it has four components and also, it is often referred to as a bundle of rights:
1- The right to use the good.
2- The right to be able to aer income from that good
3- The right to transfer the good to other, or to abandon it or destroy it.
4- The right to enforce the property rights.
- Institutions and incentives → This kind of institution creates incentives for technological innovation and investments in both human and physical capital
. When the right incentives are placed, as a consequence production and investment occur naturally, as a result we have more human capital, more physical capital, and technological advancement - all of which lead to economic growth.
Answer:
any program or number of programs designed for end-users. That’s it, in a nutshell. In that sense, any end user program can be called an “application.”
Answer:
No
Explanation:
Strategic management process may be defined as the process which appraises the industries and business where the organization is involved. It is the culture of appraisal that any business adopts in order to outdo their competitor.
There are mainly 5 steps for the strategic management process in any business. They are :
-- in goal setting
-- to analyze
-- in strategy formulation
-- in strategy implementation
-- to control and evaluate
These are main 5 steps which follows a logic and is easily understandable as it is simple process. But it is not compulsory for the business or organization to take these steps in a sequential manner. It depends upon the company's need. Many company analyses the internal as well as the external factors that affects their strategy which is important to their business process. So they may start with any step for the appraisal process. They can start with any step and see the impact of it and then change or move to any other step depending upon their necessity. It is according to the company's need and situation that these steps are taken in any sequence by the company.
This is basically known as net profit. because he purcahes it of 100 $ and sale it of 120 and earn a complete 20$ profit. mostly that happens in retailer cases . best example is shop keeper because they are not manufacturing it <span />
<span>If the Fed expands the money supply by $1
trillion, the money market will be (letter C.) the equilibrium interest rate
will fall, and more money will exchanged in equilibrium. It is because people
will have more money to spend. Some would choose to use this money to buy goods
and services while other opt to put their money in banks which may lead to
lower interest rates to persuade people in borrowing. </span>
