Answer: Inelastic demand
Explanation:
When new restaurants have opened in College town in recent years, the supply for restaurant meals increase. This will lead to a rightward shift in the supply curve for restaurant meals leading to a fall in the price and an increase in the quantity. The fall in price will be larger the more inelastic demand is. When demand is more elastic then a fall in price will be less when supply increases.
Answer:
Country x
Population size 50,000,000
Full time students 4,200,000
Not employed & not searching 6,000,000
Not employed and searching 2,336,000
Employed 29,664,000
Labour force is defined as the population of the economy currently engaged in some employment and those jobless but available or searching for employment
Labour force is 32,000,000
Labor force participation rate is the labor force divided by the population size.
= 64%
Unemployment rate is defined as members of a country not employed and are searching or seeking employment.
= 4.7%
Any business that is in the tech business, where massive amounts of money go for development and for producton are companies that are very likely to need startup capital from some sort of investor; in this case it can be a venture capitalist but it can also be any other type of investor.
Answer:
Contract manufacturing.
Explanation:
A domestic firm may decide to contract for the production of its goods by established foreign manufacturer. Such private-label manufacturing by a foreign company is called contract manufacturing.
Contract manufacturing involves the process of outsourcing a company's manufacturing business, such that a foreign company engages in the production of a private-label product which are then primarily marketed or distributed by a domestic company under its own brand name.
This ultimately implies that, it is a manufacturing process which involves the production of goods by a company under the brand name of another company.
