According to economic theory, productivity is the main key to economic growth, It is, the relation between output over input. Productivity is mainly driven by four components: innovation, including the creation of new technologies: education to spread these new technologies and develop the capacity of the workforce, efficiency to promote the effective and flexible allocation of resources for production in various sectors.
Answer:
Option Contract
Explanation:
According to the Laws Termination of the Power of Acceptance, there are four types of offer terms. These types are Counter Offer, Option Contract, Conditional or Qualified Acceptance, and Firm Offer. With these 4 types being the options, based on the description given in the question we can say that the one being described is an Optional Contract. Which as described in the question is a contract that is held open for a period of time in which it cannot be revoked.
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If a local company were to break the contract with a retailer and not deliver the products requested, Civil law would be broken.
When one party doesn't carry out their obligations as stated in the contract, there is a breach of the agreement. That could involve anything trivial like making a payment a few days late or something more significant.
<h3>What is the most common breach of contract?</h3>
The most frequent remedy for contract violations is this one. When compensatory damages are granted, a court requires the party who violated the contract to give the victim enough money to fulfill their contractual obligations elsewhere.
A breach of contract occurs when a promise that is a component of a contract is not kept without a valid justification. This includes failing to perform in a way that complies with industry standards or any express or implicit warranty requirements, such as the implied warranty of merchantability.
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Answer: Demand will fall, Interest rates will fall
Explanation:
The investment tax credit would have encouraged more companies to seek loanable funds in order to embark on investment opportunities because they would be taxed less. This increase in demand in the market for loanable funds would have led to rates rising to keep up with demand.
If Congress were to end this credit, the incentive to invest and avoid tax would be gone. Companies would therefore demand less loanable funds and with this drop in demand there will be a drop in interest rates as well to entice people to borrow at the lower rates.
The body of a direct request letter should request action with an end date.
Direct Request Letter- A petition filed by an individual in a tribunal of this state in a case involving an obligee, an obligor, or a child is referred to as a direct request. In business letters, you can ask for information or a specific action. Learn how these direct request letters are structured so you can effectively convey your goals and get the results you want.
Gather information about your request.
Form an outline
Identify yourself
Make your demand
Give a justification for the request.
Offer to supply extra details
Thank you for your time, and end the letter.
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