"Economies of scale can be achieved by international expansion because a company can lower its average unit cost, better utilize its production facilities, and increase its bargaining power with suppliers."
An economy includes all activities involved in the production, consumption, and trade of goods and services within an entity, whether that entity is a country or a small city.
No two economies are alike. Each is trained according to his or her own resources, culture, law, history, and geography. Essentially, economies work by distributing scarce resources among individuals and institutions.
A series of markets where goods and services are traded, backed by capital, come together to form an economy. These networks exist at the local, national and international levels.
With a GDP of $23 trillion, the United States is by far the world's top economy in this ranking for 2021. It is followed by China in second place with a GDP of $17.7 trillion. Canada is also far ahead in international comparisons and ranks 9th in this ranking.
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The answer is we educators....
Answer:
- Chipping away at student loans or getting a secured credit card.
Explanation:
The suggestion that does not depend on the support of a parent or guardian would be 'chipping away at the student loans or getting a secured credit card' as it lays the responsibility on the shoulders of the student which does not require parents' backing. The supportive parents always tend to offer every possible opportunity to their child upto the extent they can afford to provide a better experience and future to their kid.
Answer:
The correct answer is: non-bank public increases its holdings of currency outside the banking system.
Explanation:
A currency drain refers to the situation where there is an increase in currency held outside the banking system. When the public holds more money outside the banking system, it reduces the total reserves of the banks. The excess reserves get reduced as well.
The currency gets drained from the banking system, so banks can create less money. This causes a reduction in the money supply.
Answer: Option B
Explanation: In simple words, closing entries refers to the journal entries which are made at the end of an accounting period for transferring the temporary account balances into permanent accounts.
These entries are made to close the four accounts for clear depiction of capital at the end of they year, these accounts are income, expenses, income summary and dividend account.
The objective behind making such entries is to clear the temporary accounts balance to zero for the next accounting period.
