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Ede4ka [16]
3 years ago
8

Are now the largest single component of the supply side of gdp, representing over half of gdp.

Business
2 answers:
saveliy_v [14]3 years ago
4 0

Services are now the largest single component of the supply side of gdp, representing over half of gdp.

Alborosie3 years ago
4 0

Services are now the largest single component of the supply side of gdp, representing over half of GDP.

Reason: In the 21st century which is called as the information age services has become the largest contributor to the supply side of the GDP replacing manufacturing which held the position earlier. Due to rapid growth of the internet, the global population is more focused on the services part which makes it a large component

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What is the balance between supply and demand called ?
n200080 [17]

The balance between supply and demand is known as the market equilibrium.

The supply and demand are determined through the price mechanism in a free market. Such as if the goods or services are bought more frequently then their prices will go up and vice versa.

This means that the price mechanism helps to determine what goods are to be produced. In the case where the demand for good increase will result in price go up and will ultimately result in producers supplying more of those goods.

This system of price helps to scale the point where competing demands may be weighed by the consumer or producer requirements.

However, the movement towards the price equilibrium and the resulting balance between the supply and demand is known as the market equilibrium.

Learn more on supply and demand here: brainly.com/question/4804206

5 0
3 years ago
Read 2 more answers
Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract su
Galina-37 [17]

Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract substantial venture capital investment. True

Explanation:

Firms that are funded as a apart of the sharing economy are usually never as profitable as the private companies which draw more investors despite their continued success as their business models are not based on producing profits for the higher ups and have a much more horizontal structure in their firm of ownership and responsibility among the workers.

This means that their is less money in it for the investor and the administrator than it is in a top to down job which is usually the case in corporate and there is more assiduity on the work too.

6 0
3 years ago
The ___ is a government agency that protects consumers from dangerous or falsely advertised products.
saveliy_v [14]

The Food and Drug Administration (FDA). The FDA ensures the safety and effectiveness of a wide range of consumer products from medicines and cosmetics to food and medical devices.

8 0
3 years ago
In 2002, a Swedish home electrical appliance manufacturer decided to use the same advertising message wherever it advertised aro
ella [17]

Answer:

Global advertising

Explanation:

Global advertising -

It refers to the method of popularizing a specific goods or services to the whole world , is referred to as global advertising .

Only specific companies or business are able to advertise their products on the global platform and earn some profit .

The example are -

Microsoft , Coca cola , McDonald's etc .

Hence , from the given scenario of the question ,

The correct answer is Global advertising .

7 0
3 years ago
In 2005, Cobb adopted the dollar-value LIFO inventory method. At that time, Cobb's ending inventory had a base-year cost and an
kherson [118]

Answer:

$410,000

Explanation:

The computation of the ending inventory under the LIFO method is shown below:

= Year end cost + difference of amount  × price level index

where,

Year end cost = Beginning cost

Difference of amount = $400,000 - $300,000 = $100,000

Price level index = $440,000 ÷ $400,000 = 1.1

So, the inventory cost is

= $300,000 + $100,000 × 1.1

= $300,000 + $110,000

= $410,000

6 0
3 years ago
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