To manage the business in other nations, large corporations dispatch their workers there. Due to the affordable labour, IT giants and other MNCs outsource to Asia. In the United States, businesses ceased recruiting full-time employees following the recession of 2007–2008 and began using freelancers instead. The gig economy refers to this.
Part-time workers for an organisation are freelancers. The freelancers are employed by a company on a part-time basis, and after the project is complete, they are let go.
An organisation can request that its laid-off workers train their corresponding replacements. However, the employees who are being laid off are not required by law to do the same.
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With the increase or decrease of the prices of substitutes, the demand of the substitute goods also decreases or increases.
Explanation:
Substitutes are the products which can be used in place of another product. For example, a cup of coffee can be taken instead of a cup of tea, or Coke can be taken instead of Pepsi.
Change in the price of Substitutes can affect the demand of other substitutes. If the price of a product increases, then the demand of its substitute increases, and if the price of the product decreases, then the demand of its substitute also decreases.
We can understand this relation with an example. Suppose the product is tea. The substitute of tea is coffee. If the price of tea increases, then people will definitely move towards the substitute, which is coffee. This will increase the demand for coffee. Similarly, if the price of tea decreases, people will buy more tea than coffee, which will decrease the demand for coffee. This is how the substitutes affect demand of each other.
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People play a very important role in the process of development as :
- People themselves are a part of development
- Contribution and a small hand itself from the side of people provide a great help.
- Mutual understanding amoung other people and spreading of awareness.
They were getting smaller after that time
Answer:
language
Explanation:
Since it is showing all different languages
