Answer:
Inclusive economic institutions
Explanation:
Daron Acemoglu explains on his book titled 'Why Nations Fail' the roots and causes of economic development. For this author the most important component of progress is the stablishment of economic institutions which permits the integration and cooperation of society, defined by inslusive economic instituions instead of extractive ones.
In this particular case, the US autorities implemented a free market economy which correspond to an inclusive institution and replacing the old economy.
Answer:
D. expansion
Explanation:
A business cycle is made up of six stages including: expansion, peak, recession, depression, trough, and recovery.
The trough is the lowest stage of the business cycle.
It is followed by recovery where the economy starts to turn around.
However the stage of economic growth after a trough is the expansion stage, where real gross domestic product (GDP) grows for more than 2 quarters.
This stage is characterised by rise in consumer confidence, employment, and the equity market.
Answer:
Assortment warehousing is a form of warehousing that combines classic operations with light manufacturing and packaging duties in order to assure short customer lead times.
Explanation:
Warehousing
This have different points of view. The traditional view about warehousing is that it is a place used in for storage or holding of goods/ inventory
The contemporary opinion about warehousing is that it is has function set in place to mix inventory assortments to meet the need of customer. It deals with the storage of products which is held to a minimum.
Warehousing types
This includes;
1. Distribution centers
2. Consolidated terminals
3. Break-bulk facilities
4. Cross-dockers
assortment warehousing
This is a known form of warehousing. It consists of when different type of goods is held close to the source of demand in order to assure short customer lead time.