Economic growth can be defined as a society's increased ability to produce goods and services in a specific time period. Because more goods and services are needed, more people need to work in order to meet the demand. Because more money is flowing within the society to purchase these goods and services, it is possible to pay employees a higher wage. Therefore, when economic growth can be sustained, it provides more job opportunities and a higher income. This ultimately lead to a higher standard of living.
Answer:
Mechanical energy usually means the sum of the kinetic energy and potential energy. So when you ride your bike you hope that the muscular (chemical) energy is converted mainly into mechanical energy. Unfortunately friction will produce heat and sound and will reduce the amount of mechanical energy that you have.
In general, the heterogeneity of the traveler market and the task of meeting the needs and wants of diverse tourists is the key driver behind the idea of <u>market segmentation</u>.
<h3>What is a market segmentation?</h3>
It refers to the marketing strategy in which select groups of consumers are identified so that certain products can be presented to them in a way that appeals to their interests.
In marketing, the market segmentation is an important process because it strives to make a company's marketing endeavors more strategic and refined. Hence, in developing specific plans for specific products with target audiences in mind, the company can increase its chances of generating sales and being more efficient with resources.
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The answer to this question is <span>neophobia
</span><span>neophobia refers to a psychological condition where a person experience an irrational fear to try a new thing.
This condition makes people refuse to taste foods that they do not recognize, trying clothes with odd color, refuse to go places that they're not familiar with,e tc.</span>
