Answer:
<em>Zero</em>
Explanation:
There are three(3) types of unemployment recognized by economists;
<em>Structural unemployment:</em> This occurs where innovation and technological improvement render workers unemployable because their is a mismatch between the available jobs and the skills possessed by willing workers. For example, the introduction of online classes might reduce the number of teachers needed by a school.
<em>Frictional unemployment:</em> This is used to describe the number of people looking for jobs because they are transiting from one job to another.The addition of the structural and frictional is know as the <em>natural rate of of unemployment.</em>
<em>Cyclical unemployment</em><em>:</em><em> </em>this is caused by fluctuation in real GDP around the potentila GDP. For example, when the real GDP falls significantly for a sustained period of six month. At a time like this, the economy is contracting and it is evident by a negative growth rate in real output, firms do lay off workers because the business climate is not favorable.This is called <em>recession</em>. The cyclical unemployment is the difference between the actual rate of unemployment and natural rate. During recession, the actual is always greater thant the natural; and the balance is cyclical unemployement
<em>Full employment output and cyclical unemployment</em>
The potential GDP is the level of real GDP achieved where an economy has fully employed all of its resources ( land, labour, capital and entrepreneur). It is also called <em>full employment GDP</em>. An economy operating at its potential GDP level will still record some level of unemployment which is known as natural unemployment. And its actual rate of unemployment will be equal to the natural rate.
<em>In other words, at the full employment output level, the actual rate of unemployment is the same the natural rate of unemployement. So there is zero cyclical unemployment rate</em>
Analyses of a business strategy is the major activity in strategic planning.
Strategic planning is the first most thing done in the organisation after discussion of goal that is to be achieved in the organisation within a definite span of time.
This phase covers the finding of various alternatives present to achieve a goal and choosing the best one after evaluating various out of the present analyses that fits the best in the welfare of the business.
Strategic planning is the best as it evolves from time to time and depends on the policies and procedure activity of the organisation so that it can evolve with the changes.
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Answer:
The Exhaustible resources are scarce.
Explanation:
The Exhaustible resources are scarce. Exhaustible resources are the natural resources which are limited and takes years to form. They can be easily exhausted or depleted by the human activity. Exhaustible resources are- oil, gas, coal, etc.
Inexhaustible resources are the resources which can not be depleted by the human activity for example water energy, solar energy, wind energy, etc. Therefore Exhaustible resources are scarce as they cannot be formed quickly after use.
<u>Lean production</u> is a guiding philosophy and management approach that emphasizes efficiency through the elimination of waste in company operations.
Management is the management of an agency, whether or not it's miles a business, a non-earnings business enterprise, or a government frame. it is the art and science of handling resources of the enterprise.
The principle objective of management is to relax maximum outputs with minimum efforts & sources. control is basically concerned with wondering & utilizing human, material & financial resources in this sort of manner that might result in a first-class combination.
To the maximum fundamental degree, management is an area that includes a fixed of 5 general functions: making plans, organizing, staffing, leading, and controlling. those 5 capabilities are a part of a frame of practices and theories on a way to be a hit manager.
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