Stagflation is a condition in which both the unemployment rate and the inflation rate are high. Stagflation is characterised by slower economic development, low employment rates, and increased inflation rates. Stagflation is the occurrence of low economic growth, high unemployment.
In terms of economics, stagflation, sometimes known as recession-inflation, is a state in which unemployment is consistently high, the economy is growing slowly, and the inflation rate is high or rising. When inflation and economic stagnation coexist, this is known as stagflation. The economy is in a state of stagnation due to rising unemployment.
The term "stagflation" was first used in the 1970s, a period of both high inflation and rising unemployment. Stagflation wasn't commonly acknowledged until the middle of the 20th century.
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Some non-monetary costs of attempting to eliminate risks a are time costs, search costs, and psychological costs .
Non-Monetary cost is a cost which a buyer pays other than money, to acquire a thing.The non-monetary price of acquiring a product comprises the time spent looking for it and the risk taken that it will provide the desired benefits.
Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service. When deciding whether to purchase a service or repurchase it, time costs, search costs, and psychological costs are frequently taken into consideration and may occasionally be more significant considerations than monetary price.
The psychological expenses associated with receiving these services are the most distressing non-monetary charges. Fear of rejection (bank loans), fear of not understanding (insurance), and worry of uncertainty (including fear of high cost) are all examples of fears.
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Answer: Unit of account; Store of value; Medium of exchange.
Explanation:
Sam can easily know that the price of the computer system is more than the price of the vacation. This is a Unit of Account.
Unit of account is measuring of the value of a product against another in terms of a specific currency.
Sam has $1,537 in his checking account. This is a Store of value.
Store of value means an asset or money can be saved and retrieved at a later time, for future use.
Sam writes a check for $1,299 is a medium of exchange.
Medium of exchange is used to facilitate trade between parties. He exchanged money for the computer.
Knowledge management is the the way how knowledge is captured, organized, distributed and effectively used. It is a whole process of managing knowledge that is very important for the success of the business because it builds learning
organizations by making learning routine, facilitates decision-making capabilities and stimulates cultural
change and innovation. It should be part of every type of business. However, KM is mos popular among business in the business administration, management, health, information systems and services.
