Answer:
Economic efficiency
Explanation:
Economic efficiency is when the allocation of resources in an economy is fully optimal and benefits all economic agents. It is when nothing can be improved without putting another at a disadvantage.
It is when there's equilibrium in the economy.
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Answer:
b. supply is represented graphically by a curve and quantity supplied as a point on that curve.
Explanation:
Qunatity supplied shows how qunatity of a product changes in response to changes in price of that good. According to the law of supply, the higher the price of good, the higher the quantity supplied and the lower the price of a good, the lower the quantity supplied. This shows that quantity supplied has a direct relationship with price.
Changes in quantity supplied is shown by movement along a supply curve.
Changes in supply is caused by other factors other than changes in price. Some of these factors are :
Changes in price of similar goods
Tax
Change in number of suppliers
Technological advancement
Changes in supply is shown by movement of the supply curve either to the left or to the right and not a movement along the supply curve.
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Answer:
percentage of your salary save each year is 13.24%
Explanation:
given data
time period t = 25 year
amount = $1.1 million
salary = $61000
increase r1 = 4 percent per year = 0.04
return r2 = 10 percent = 0.1
to find out
what percentage of your salary must you save each year
solution
we consider here annual saving = A
so amount formula is
amount = A ×
here A is annual saving and r1 is increase rate and r2 is return rate
1100000 = A ×
A = $8079.45
so
proportion of salary is
proportion of salary = 13.24%
so percentage of your salary save each year is 13.24%
Answer:
Explanation:
PESTLE analysis is a tool to identify those external factors which influences organization.
P: Political Factors influencing organization's performance.
E: Economical Factors creating hurdles in the way of the organizations.
S: Social Factors account for changed behavior of consumers towards organization.
T: Technological Factors playing it's role in influencing organizational performance.
L: Legal Factors accounting for legal barriers for the organizations.
E: Environmental Factors affecting companies but no one pays attention to it.
- Salsa's increased popularity is represented by Social Factor: As belief is the most vital element which has effect on consumers decision making a company's growth or loss can be accounted for it. Not just belief the demographics and the attitude of people towards general issues can play their roles as well.