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Allushta [10]
2 years ago
6

In economics what helps boost the standard of living and is thus the goal of most countries

Business
2 answers:
blondinia [14]2 years ago
4 0

Answer:

The answer is Economic growth and sustainability

Explanation:

Every economy tries to achieve economic growth its sustainability.

Economic growth is calculated as the percentage change in real GDP or per capita GDP within a period of time usually a year. Economic grwotht can be determined by:

1. Growth in real GDP tells us how the whole economy of a country is expanding.

2. Per capita GDP which is calculated by 'real GDP/population. This determines the standard of living in every country.

Economic is important because growth in any of these can change a poor nation into a wealthy one.

This growth must be sustainable

over time.

cricket20 [7]2 years ago
3 0
In macroeconomics, the goal is to increase the GDP of the country's economy. This is one of the goals in socioeconomic aspect. However, others would include infrastructure, exportation of goods and investors.Thank you for your question. Please don't hesitate to ask in Brainly your queries. 
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<h2>True. The early detection of fraud avoids greater loss.</h2>

Explanation:

The early detection of fraud needs to be done for the following reason:

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3 years ago
You are the manager of a small U.S. firm that sells nails in a competitive U.S. market (the nails you sell are a standardized co
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Answer:

On the basis of given information, I'll increase my production of nails.

Explanation:

The reason for increase in production of nails are as follow:

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These two facts show that it is good opportunity to increase the production as the demand has increased and competition has decreased.

7 0
3 years ago
A firm that is committed to keeping manufacturing facilities in only the home country (and not developing multiple production si
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3 years ago
On an application, what is a positive way to present an honest picture of yourself?
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7 0
3 years ago
Read 2 more answers
Switching costs, the number of buyers, and if the items represent a relatively small portion of the cost of finished products ar
Murrr4er [49]

Switching costs, number of buyers, and if the items represent a relatively small portion of the cost of finished products are key considerations regarding the bargaining power of buyers.

Switching costs are the costs which are paid by a consumer as a result of switching brands, suppliers, or products. Some companies may employ high switching costs in order to prevent customers from moving to another brand.

Suppose if the customer purchases large volumes of standardized products from the seller, then the buyer's bargaining power is quite high.  Also, when substitute of a product is available in the market, the buyer power increases.

Hence, most prevailing switching costs are monetary in nature.

To learn more about switching costs here:

brainly.com/question/15561738

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7 0
1 year ago
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