Answer:
Primary group would include the following:
-a close-knit group of adult friends who have been together since middle school
-a married couple
Secondary group would include the following:
-a tailoring shop that makes bespoke (fully custom) suits for men
-a professional football team
Explanation:
When the members of a social group share very close and lasting relationships, such group is considered a primary group. Members in this group shows concern for each other and most time carried each other's burdens. For example, family, influential social groups, and childhood friendship.
On the other hand, secondary groups consist of people who interactions are strictly outcome-based or business-related or interaction between members are done on a less personal level.
Answer:
d. all of the above
Explanation:
Arbitration is a legal technique of resolving disputes outside the courts, whereby parties involved in the dispute refer it to an arbitrator (the "arbitrators", "arbiters" or "arbitral tribunal") or arbitrators( one or more persons) , by whose decision (the "award") they may be bound(as in mandatory arbitration) or not(as in voluntary or nonbinding arbitration).
The above methods of arbitration :peer review, arbitration, mediation all allow the dispute parties' input before arbitration decision. Peer review method involves dispute resolution in the workplace whereby employees are able to take disputes to fellow employees and managers to act as arbitrator to resolve disputes which may not be binding on the parties. Mediation on another hand is a dynamic method of dispute resolution where a third party helps to resolve disputes by helping dispute parties negotiate to resolve to dispute. Arbitration however differs from mediation in that the arbitrator makes decisions based on evidence presented and not waiting to negotiate an agreement between both parties. All three methods however require dispute parties to make inputs so as to arrive on final decision.
Structuralism- structuralism<span> in psychology (also structural psychology) is a theory of consciousness developed by Wilhelm Wundt and his protégé Edward Bradford Titchener. This theory was challenged in the 20th century.
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Answer:
Prices are often volatile due to inelastic demand. e.g if there is a ‘good harvest’, supply will increase and there will be a fall in the price of primary products. However, because demand is inelastic, this would lead to a fall in revenue.
coffee-supply-price-growers
The volatile price of coffee – can make planning difficult.
Supply can also be volatile due to weather and disease. For agricultural crops, there is always a risk of crop failure, which could cause economic hardship in one particular year.
Limited resources. One day developing economies may run out of its finite primary products, e.g. precious metals could become scarce. Without diversification, this would leave the economy with a void.
Discourages investment in other aspects of the economy. Concentrating on primary products does not always help the long-term development of an economy because it can contribute towards a lack of investment in other aspects such as education and industrial production. Comparative advantage can change over time. It’s important to not just look at the present comparative advantage, but prospects for next 10 or 20 years.
There is a low-income elasticity of demand for primary products. With a rise in global income, there is a proportionately smaller percentage rise in demand for primary products. (agricultural products tend to be income inelastic). Therefore, if you produce primary products, you may see lower rates of economic growth than countries who produce manufacturing goods – which are more income elastic. The Prebisch-Singer hypothesis suggests that countries who concentrate on primary products are vulnerable to a declining terms of trade.
There are 5 points
Hope it helps!!!
The raise in the price of a product causes an increase in competition.
