Answer:
Therefore after 5 year the balance in the stock market is $ 352.47.
Explanation:
Exponential growth formula :
y= Final amount
a= initial amount
r= rate of growth
t= time
Given that,
The deposit amount = $200
Rate of interest (r)=12%=0.12
Time (t)=5 years
=$352.47
Therefore after 5 year the balance in the stock market is $ 352.47.
Answer: The major source of competition for motor carrier is intermodal in nature.
The major source competition for motor carriers is railroad. This is because rail system is quicker than motor carriers and has been used widely. Railroads do not cover all geographical zones but they have been a trend in several regions.
Explanation:
Answer:
Comparative advantage.
Explanation:
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation." Also, the principle of comparative advantage states that, nations (countries) can become better off than their contemporaries through the process of specializing in what they know how to produce or do best.
This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).
In general, individuals and nations should specialize in producing those goods for which they have a comparative advantage.
As an economic advisor when launching a new brand there are a number of factors that needs to be considered.
<h3 /><h3>What is Economy?</h3>
Economy is the environment of a country that entirely depends on production of goods and services and its consumption.
Market trend- will analyze the purchase of similar brand in the current and past
Fashion- The brand offers the latest fashion and is not outdated
Demographics- the brand launched will be consumed by urban or rural areas and should be relatively marketed.
Age factors - the brand and product for suitability for a specific age group
Price affordability - whether the people in the society can actually afford the brand.
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