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2 years ago

Which factors indicate the economic development of a country?

2 answers:

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Answer: Economic development, is the process by which the economic well-being and quality of life of a nation, region or local community are improved according to targeted goals and objectives.Indication of a country’s economic development are Gross Domestic Product (GDP) per capita, the poverty level, life expectancy, the proportion of workers in agriculture, unemployment rate, social cohesion, and changes in the physical quality of life. Economists however generally believe that, economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology. it is pertinent to note that highly developed countries have governments that focus on these important areas.

Lostsunrise [7]2 years ago

3 0

Answer:

Six Factors That Affect Economic Growth

Natural Resources. The discovery of more natural resources like oil, or mineral deposits may boost economic growth as this shifts or increases the country's Production Possibility Curve. ...

Physical Capital or Infrastructure. ...

Population or Labor. ...

Human Capital. ...

Technology. ...

Law.

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The journal entry for the purchase of inventory on account using the perpetual inventory system is:.

Solnce55 [7]

The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.

<h3>What is a journal entry?</h3>

It should be noted that a journal entry is used to record the financial activities of a company.

In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.

Learn more about inventory on:

brainly.com/question/24868116

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2 years ago

As the hotel industry matures, corporations are either acquiring or merging with each other. This is: A. Safety and security B.

rodikova [14]

Answer:

B. Consolidation

Explanation:

Consolidation (or amalgamation), in a bussines context, is <em>when different companies combine to form a larger organization in order to improve their efficiency, long-term cost savings and a concentration of market share.</em>

I hope you find this information useful and interesting! Good luck!

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3 years ago

When a company has high operating leverage: Select one: A. It has low fixed costs. B. It borrows to cover most costs. C. It has

docker41 [41]

Answer:

C. It has high fixed costs relative to variable costs is the correct answer.

Explanation:

4 0

2 years ago

The Cutting Department at Blanc Company had beginning work in process inventory of 4,000 units, transferred out 9,000 units, and

Alecsey [184]

Answer:

The number of units started into production is 7,000.

Explanation:

Number of units started into production = Units transferred out + units of ending work in process - units of beginning work in process

= 9,000 + 2,000 - 4,000

= 7,000

7 0

2 years ago

A clothing store chain tracks the sale of each product at each location. Managers use this information to calculate the organiza

Ksivusya [100]

Answer:Flexible

Explanation:

According to the question, clothing store tracks the sale at each location so, they are taking a very large base of consumers and they are considering each consumer that is why the quality information is flexible.

Demands of each consumer may vary such that one wants cotton fabric, another wants polyester so this makes the information more flexible as it may vary largely.

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3 years ago