Economists suppose that there are various
buyers and sellers in the marketplace which means that competition is
everywhere in the market which in turn allowed price to change in reaction to
changes in supply and demand. In Economics, there are some market structures that
describes how each structure compete in a different competitive situation.
Monopoly is one. Monopoly is one of
the market structures whereby there is one producer or seller which means, the
industry is the single business. This market structure prohibits others from
joining the market when a company has a patent or copyright.
Oligopoly is another market
structure where there are chosen few firms that make up an industry. Both market
structures have high barrier entries where competing markets for share are
interdependent as the consequence of market forces.
As we look into the future the traditional purchasing approach will be transformed into E-sourcing.
<h3>What is E-sourcing?</h3>
- The typical seven-step sourcing procedure can be used with a number of e-Sourcing solutions.
- The procedures are the same whether e-sourcing software is used or not.
- The distinction is in how you carry out each action.
- You should choose the tools as a category manager or sourcing specialist that are most compatible with your company's goals.
- It takes considerable knowledge of every tool in the toolbox to know which tool to use when. E-sourcing tools are placed beneath the relevant steps in the sourcing process below.
- Simply put, e-Sourcing is a group of digital tools that aid in streamlining, streamlining, and improving the strategic sourcing activities and procurement processes carried out by the procurement team of an organization.
Hence, As we look into the future the traditional purchasing approach will be transformed into E-sourcing.
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Answer:
Explanation:
It means that there must be a huge number of people that have little or nothing.
The most recent estimate of America's population is 331,000,000 roughly
1% of the population is 331,000,000 * 1/100 = 3,310,000
So that means that 3 million people own 33% of 14 trillion in property alone. These numbers are really hard to imagine.
1 trillion has 12 zeros behind it
so 14 trillion has 12 zeros behind it.
3 million people own 1,400.000,000 = 14 000 000 000 000 dollars worth of property.
That means that each person in that group of 3 million is 1 of 14 , 000, 000 in wealth just in property alone. The goods will dilute this somewhat, but I think you get the idea.
3 million people in the United States are multimillionaires, if they own 100% of the property. Of course that isn't true, but I think it's fair to say that they are not poor either.
I would say these two examples show a type of performance evaluation ie analyzing what was successful and why or alternatively what was not successful and why so as to learn from the experience to continue to perform well in the future or to change poor performance to good performance.
Assuming Reggie who is 55, had an adjusted gross income of $32,000 in 2020, Reggies medical expense deduction will be $75
Calculation to determine Reggie medical expense deduction
Drugs $500
Add Health insurance premium-after tax $850
Add Doctors fees $1,250
Add Eye glasses $375
Total expenses $2,975
($500+$850+$1,250+$375)
Less Insurance reimbursement ($500)
Less 7.5% of Adjusted gross income ($2,400)
($32,000×7.5%)
Medical Expense Deduction $75
($2,975 - $500 - $2,400)
Inconclusion assuming Reggie who is 55, had an adjusted gross income of $32,000 in 2020, Reggies medical expense deduction will be $75
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