Answer: D) derived
Explanation:
Derived demand refers to a situation where the demand for a good or service is as a result of the demand in another good or service. For example, if the demand for mobile phones increases, the demand for lithium batteries will increase as well.
In the example, Partac Peat clay demand increases as a result of an increase in the demand for tennis playing therefore it is a derived demand based on the demand for the tennis.
Inflation is the rate at which the general level of prices for goods and services is rising and consequently the purchasing power of currency is falling. The rise or the fall of price determines the inflation rate in a given economy and therefore also determines the purchasing power by consumers. When prices goes up then there is a decrease in purchasing power of money while when the prices down there is a corresponding increase in purchasing power of money. For this reason central banks strives to limit inflation, and avoid deflation, in order to keep the economy smoothly running.
Answer:
Justification/ Recommendation Report
Explanation:
Since you have conducted the research and you have been given the power to determine a new provider, a recommendation or justification report is the best report to write in this situation. This is because you have found the new provider worthy by the standards of your research and it has plans that suit your company the most, you will therfore have to write a report recommending that new provider and also give reason as to why you are recommending that provider(justification).
Cheers.
Answer:
Government policies can help stabilize the economy.
Economic condition of any economy can be determined by determining its GDP and level of employment in the economy. Government policies like Fiscal or Monetary Policies can help stabilize the economy. If the economy is passing through recession,the expansionary monetary or fiscal policies can be implemented by the government. Government can reduce the CRR and Repo Rate and relaxes taxation policy so that more amount is left with the people to raise their living standards. On the other hand, at the time of prosperity,contractionary monetary or fiscal policies can be used . CRR and Repo Rate can be raised and tight taxation policy leave the public with less disposable income and thus their demands come down.
Increasing productivity leads to economic growth
Any economy stands on basically four pillars : GDP, Inflation, Employment and National Income.
As the productivity improves,the GDP of the economy grows.For higher level of production higher level of worker participation is required leading to higher level of employment. It will lead to higher supply of commodities and thus the price and inflation can be controlled. Higher level of employment also leads to higher level of National Income.Thus overall, the economic growth takes place.
Thus we can say that Increasing productivity leads to economic growth.