Explanation:
Humans are rational beings and are thus influenced or motivated by rewards. An organisation compensation plan may include the following;
- life insurance,
- bonuses,
- employee stock ownership plans,
- subsidized meal plans,
- child care availability,
In conclusion, in most cases the most effective elements of motivation of workers are non-monetary in nature.
Answer:
unsecured loan
Explanation:
Loans that are issued without the need for collateral are unsecured loans. The loans are not backed by any financial asset. A lender will use different criteria to qualify a borrower for unsecured loans. Should a client with an unsecured default, the bank does not have rights to the physical properties of the client.
In most cases, banks will have schemes through which customers qualify for unsecured loans. For example, a bank can negotiate with its corporate clients for the employees' to qualify for unsecured loans. There also schemes for students and clients with good credit scores to get unsecured loans.
Higher prices will lead to more products being supplied, whereas lower prices will lead to less products being supplied. A change in a non-price determinant of supply is the only factor that can affect whether a good's supply rises or falls.
The cost of the good or service is the determinant of supply that is the most evident. When all other factors are equal, a product's supply grows if its relative price is higher. It's easy to understand why. A business sells products or services to make money, and as prices grow, so do profits.
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Answer: The equilibrium will shift from right to left, and that would be a recessionary gap
Explanation:
Aggregate supply is the quantity of goods and services producers make available for sale and is equal to the money income received by the owner's of the factors of production. Aggregate demand is the total demand for final goods and services in the economy at a given period of time and at a given price level. It is the sum of money consumers planned to spent on the purchase of output in an economy at a given period of time.The equilibrium level of income is the income level at which aggregate supply equals aggregate demand. The Aggregate income on the other hand, is the total amount of income received by all factors of production in an economy at a given period.
If there is a decrease in aggregate income and spending in an economy, the equilibrium level of income shift from right to left and that would be a recessionary gap. The recessionary gap occurs when when the aggregate demand consisting of consumption, investment and government expenditure is not enough to create condition of full employment. It is the difference of the amount by which aggregate expenditure falls short of the level needed to generate equilibrium national income at full employment without inflation.
Answer:
Providing tax breaks and patents for firms that pursue research and development in health and sciences.
Explanation:
- The policies that need to be taken care of are the to develop and enhance skills and more smarter R and D functioning. through the development of the infrastructural and international trade.
- The business relations and includes taking tax breaks and providing the patents to the forms in the areas of health and sciences and depends on the savings and investment in the new technology and human resources.
