Standard of living includes GROSS DOMESTIC PRODUCTS, which can be bought and sold.
GDP is one of the factors of standard living. However, it is not a strong indicator of the quality of life an individual is living.
Answer:
C.WORKERS in the European union are usully move involved in corporate decision-makng
microcredit
What is microcredit?
Microcredit is the provision of very tiny loans (microloans) to disadvantaged borrowers who lack collateral, consistent employment, or a verified credit history. It is intended to encourage business and alleviate poverty. Many clients are uneducated and hence unable to complete the documentation required for traditional loans.
Microcredit is a subset of microfinance, which provides the needy with a broader range of financial services, including savings accounts. The Grameen Bank, founded in Bangladesh in 1983, is widely regarded as the birthplace of modern microcredit. Despite initial reservations, many regular banks eventually adopted microcredit. 2005 was designated as the International Year of Microcredit by the United Nations. Microcredit is a method that can potentially help to lessen the feminization of poverty in developing countries.
To learn more about Microcredit
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Solution:
Differential Analysis:
Continue Eliminate Net income
Inc/Dec
Sales 201000 0 -201000
variable cost 176000 0 176000
Contribution margin 25000 0 -25000
Fixed cost 30000 20300 9700
Net income / (loss) -5000 -20300 -15300
No, The Product line shall not be eliminated
