Answer:
1)Predict: How will supply and demand and labor substitutes in these job markets affect their pay and likeliness to get a job?
Supply, demand and labor substitutes are three variables that will determine the wage.
For the medical field, the demand for doctors tends to be higher than the supply of doctors, because becoming a doctor is costly both in time and money. This means that doctors will be well-paid, according to this model.
Besides, there are not so many labor substitutes for a doctor, increasing the probability of a high pay for them.
The opposite occurs for barbers. Barbers are easier to supply, and demand is not as high for them. This means that a barber salary will be much lower than a doctor's salary. Finally, barbers do have more labor substitutes as well.
2)How will supply and demand within the job market affect my career choice?
Supply and demand within the job market, as explained above, largely determines the quality of the career that you choose. A labor market with high supply and low demand means that the chosen career will be paid less, while a labor market with low supply and high demand means that the chosen career will be paid high salaries.
The purchase of a new vehicle or the reduction of student loan debt are examples of short-term objectives, while retirement planning, college funding, and the purchase of a second house are examples of long-term ambitions. This is further explained below.
<h3>What are short-term savings goals?</h3>
Generally, Savings objectives, such as an emergency fund or a new smartphone, that can be accomplished in less than two years are considered short-term.
In conclusion, Examples of short-term goals include the acquisition of a new car or the reduction of outstanding debt from student loans. Long-term goals include retirement preparation, the financing of further education, and the purchase of a second home.
Read more about short-term savings goals
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Explanation:
Elements in same group show same valency because they have same number of electrons in ther outermost shell i.e. Valence shell. Since valency depends upon the valence electrons so they have same valency. Elements in the same group have same valancy.
Improve their functionality in their occupational life and personal life. <span />
