Economic equilibrium is a condition or state in which economic forces are balanced.
Answer:
Thus, lean manufacturing technology helped to improve the comparative advantage position of Japan vis-a vis United States.
Explanation:
Lean manufacturing innovations in Japan have helped to improve efficiency in the production process in the country and thus have helped to reduce the time required for operations. This has reduced the opportunity cost of production in Japan and increased its comparative advantage in the goods for which lean manufacturing was used.
This helped to increase the range of commodities that Japan exported to the United States due to improvement in the manufacturing technology. Thus, this helped to improve the overall terms of trade in the country and also increased gains from trade.
Answer:
I would continue to live in a capitalist country. Living in this kind of country allows me to have unlimited career opportunities, and live in freedom.
Answer:
webrooming
Explanation:
Webrooming often occurs when consumers want to research several information about the products before making a purchase. In most cases, They will find out information regarding its features and reviews from other users.
These days, Around 70% of people who have access to smartphone webroom before making a purchase. The more expensive the products, the higher likelihood people webrooming in order to make an informed decision.
Answer:
Automation is the creation and application of technologies to produce and deliver goods and services with minimal human intervention. The implementation of automation technologies, techniques and processes improve the efficiency, reliability, and/or speed of many tasks that were previously performed by humans