All people paid the same amount in factor payments for the resources they provide because different resources have different value.
<h3>What makes each economic system different from one another?</h3>
Traditional systems are characterized by a concentration on the fundamentals of products, services, and labor, and they are shaped by customs and beliefs. While a market system is governed by forces of supply and demand, command systems are influenced by centralized authorities. Finally, mixed economies combine market and command systems.
The money that individuals receive in exchange for providing producing inputs like land, labor, or capital. Patriotism. the ardor that drives someone to serve their country; love of one's country.
<h3>Which economy is better for society?</h3>
The reason capitalism is the best economic system is that it offers everybody in society a variety of advantages and chances. A few of these advantages involve fostering riches and innovation, enhancing people's quality of life, and empowering the populace.
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An employement contract if Edna is unable to complete the procedure, another surgeon with the minimum degree of expertise required for the procedure must take over the contract.
This example’s procedure is risky and connected to a risky surgery that would be best handled by Edna. Since the contract was based on Edna’s experience, it cannot be transferred to someone with the lower level of expertise required for this activity.In this case, Edna, a renowned brain surgeon in the United States, signs a contract to operate delicately on Ben’s brain. Edna, who has a lot going on, wants to give Charles, a less experienced surgeon who would be doing his first procedure of this kind, this contract because she is so busy.Because the contract between Ben and Edna involves personal talent, Ben can object to and stop this assignment (brain surgery).Evidently, Edna’s position as the top brain surgeon in the USA can be attributed to her competence and professionalism. With this knowledge at his disposal, Ben decided to enter into a contract with Edna, a skilled brain surgeon.
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He failed at Human Resources functional area of management
Let understand that the functional area of management is the section of management of a firm which ensures that the important business activities are carried out efficiently.
The functional area of management is distinctively categorized into 6 part and they includes:
- Strategic area of management
- Marketing area of management
- Finance area of management
- Human resources area of management
- Technology & equipment area of management
- Operations area of management
In conclusion, the area that Tigger failed at is the Human Resources area because he need to serves as a good example for his Subordinate as well as effectively manage them, whereas, he failed at it.
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It would depend on the topic
Some options:
-Bar graph
-Line graph
-Pie chart
-Area chart
-Scatter chart
-Histogram
-Map
-Funnel chart
Answer:
<u>Using related diversification to achieve value by integrating vertically in order to acquire market power.</u>
Explanation:
First, let's understand what are the stages of a supply chain, they are:
- commodities
- manufacturing
- distribution
- retail
In this regard, we can see that Shaw Industries controls more than one stage of its supply, commodities and manufacturing chain, which characterizes vertical integration.
Therefore, the most appropriate alternative to the question is that the company gains a greater market gain with this strategy because it increases the management and quality control, by ensuring that the inputs and processes are in accordance with its standards, which guarantees a product of higher quality and consequently better positioned on the market.
