Answer:
The primary difference between product markets and factor markets is that:
Product markets are markets related to products, goods, tangible finished items. This is where you'll get your product for sale and where people will buy it.
while
Factor markets are for the factors of production, mostly intangible, like labor, capital and entrepreneurial skills. This is what you'll use (including raw materials) to make your product.
The best advice for concluding a presentation is by having
to review major points as it is essential to be able to deliver your main
purpose or the important information you want to deliver to your audience and
in the same time, the individual should focus on what he or she wants for his
or her listeners to think, remember and even do.
Definition:
Tax imposed by the government on the things which are harmful for the human health is termed as Sin Tax. For example, Tobacco products, drugs, cola drinks, gambling, fast food items etc.
Why it is mainly imposed:
It is imposed to increase the prices of the above given harmful products which consequently, might can be helpful in decreasing their consumption.
Answer: sampling
Explanation: Sampling is a statistical analytical technique where a number of observations are selected from a large population. Analysis is carried out on the sample and use to draw conclusion for the whole population.
Answer:
Chain of command
Explanation:
Chain of command -
It is the hierarchy or the levels of the reporting relationships , in a particular company , from bottom most to the top one .
The main focus of chain of command is to generated accountability and increases the process of decision making .
Hence , the element shown in the organisation , as given in the question is the chain of demand .
