An invention is the name given to the development of a new good.
<h3>What an invention?</h3>
Invention refers to the process of creating something that has never been made. It is a unique or novel device, method, composition or process.
An invention uses technology to solve a specific problem hence the name given to the development of a new good.
Examples of invention includes:
- Manufacturing of Telephone.
- Manufacturing of printing press.
Therefore, the name given to the development of a new good is called invention.
Learn more about invention here : brainly.com/question/23538626
Answer:
The correct answer is letter "C": when the marginal magnitude is below the average magnitude, the average magnitude falls.
Explanation:
The average-marginal value is an Arithmetic rule implemented in Economics that states that when the marginal value is above the average value, the average value tends to rise, In case the marginal value is below the average value, the average value tends to fall. The average value remains the same when it is equal to the marginal value.
Answer:
A budget deficit causes an increase in interest rates, which causes a decrease in investment spending.
Explanation:
In domain of economics, crowding out
can be regarded as a phenomenon which take place as a result of increased in involvement of government in market economy sector which substantially has effect on remainder of the market, this effect could be on the supply side, it could be on demand side of the market. An example of crowding out is A budget deficit causes an increase in interest rates, which causes a decrease in investment spending.
Answer: One-third
Explanation:
The impact of technology in our everyday life cannot be understated. Technology has made life easier by simplifying our work lives and personal lives. In the restaurant industry, technological terms such as artificial intelligence, mobile apps, smart devices etc are now common in the industry.
Technology helps in making work easier. This can be noticeable in knowing the food cost percentage of a restaurant. Through technology, the food cost percentage of a restaurant can now be known in one third of the time used before technology came into place.
