The sector that lost more jobs due to technological change is the Banking sector.
Technological improvement entails the advancement of technology in carrying out business activities supposed to be performed by employees.
The increase in use of software technology means that industries and jobs that relies on employees effort will now rely on computers.
Therefore, the sector which lost more job due to the technological changes is the Banking sector because more software technology are now used, thus resulting to lay-off of bank workers.
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Free-market economies are those in which the market mostly dictates what commodities and services are produced, who receives them, and how the economy expands.
Supply and demand are the foundation of the free market, which has little to no governmental intervention. It is a concise description of every voluntary exchange that occurs in a specific economic setting. A spontaneous and decentralized sequence of arrangements by which people make economic decisions is what defines free markets. The size of a country's free market economy might vary greatly or be completely banned depending on its political and legal framework.
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Answer:
Down payment
Explanation:
Down payment is a initial cash outlay at the time of purchasing any capital intensive item (house, machinery, vehicles etc.) through lease or mortgage.
Down payment reduces the total amount of external financing required (Company financing the purchase) thus the down payment reduces the periodic installment and interest rate charge on the financing.
Answer:
Foreign exchange risk: Foreign exchange risk usually concerns accounts receivable and payable for contracts that are or soon will be in force. Foreign exchange rates are constantly in flux, so businesses can be forced to convert funds generated abroad at lower rates than they budgeted.
Credit risk: Credit or counterparty risk is the risk of not collecting an account receivable. There are ways businesses expanding to global markets can protect themselves against this risk
Intellectual property risk
: Intellectual property risk is the risk that third parties may make unauthorized use of the business's strategic information (studies, research, agreements and contracts, client list, trade secrets, etc.) or property that directly or indirectly affects the value of the business's products or services (patents, designs, trademarks, know-how, etc.). When doing business internationally, these risks increase tenfold because of the difficulty of remotely defending the business's rights to this property.
Shipping risks: Whether shipping goods locally or abroad, you face risks such as breakage, loss, theft, vandalism, accident, seizure and contamination. Before you ship any goods, transfer responsibility for shipping to the buyer or seller and take out sufficient insurance. The International Chamber of Commerce's Incoterms set out each party's roles and responsibilities with regard to shipping risk. It is best to work with a forwarding agent.
Explanation:
The microprocessor controlling a cell phone an embedded systems