Answer:
<u>Globalize</u>
Explanation:
Globalization in simple terms refers to integration of domestic economy with the world economy. It lays emphasis upon removing trade barriers and making the world one big market.
The concept of Globalization gave rise to the emergence of multi national corporations operating multiple businesses in different countries.
As companies go global, the intensity of competition increases as it's no longer restricted within domestic boundaries. Such international competition induces companies to come up with new innovations and methods so as to survive globally. This enhances the efficiency.
Thus, this serves as one of the motives for the companies to Globalize.
Based on the current economic expansion (beginning in mid-2009), the bottom 90% of earners are actually losing income.
Generation Z refers to the generation born between 1997 and 2012, following the millennial generation. Gen Z will soon be the largest cohort of consumers. Brands wanting to participate in this opportunity should understand their own trends and digital expectations. Economics is the social field that studies how communities use scarce resources to meet their insatiable needs.
Three factors have contributed to the rapid growth of the world population over the last 200 years: Decreased mortality due to economic concomitant increases in fertility; better treatment of the disease reduces child mortality.
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B............................................
Answer:
D
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
A price floor increases producer surplus and reduces consumer surplus
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
The dead weight loss of tax can be determined by calculating the reduction in total surplus as a result of the tax
