Why is economics of education important?
Education raises people’s productivity and creativity and promotes entrepreneurship and technological advances. In addition it plays a very crucial role i...
How do you allocate inventory?
The Sales Order Inventory Movement (“SIM”) is used to allocate available inventory to a specific sale/opportunity. Allocating the inventory reserves the a...
How is full employment related to the unemployment rate?
I use this term more or less synony- mously with “full employment unemployment” to mean the level that, if maintained permanently, would produce a steady ...
What is the effect of redenomination?
Redenomination itself is considered symbolic as it does not have any impact on a country’s exchange rate in relation to other currencies. It may, however,...
Where did Rice Krispies originate from?
Rice Krispies (also known as Rice Bubbles in Australia and New Zealand) is a breakfast cereal marketed by Kellogg’s in 1927 and released to the public in ...
What are the reasons for the growth of service sector?
Reasons for growth of the tertiary sector Improved labour productivity. A key factor behind tertiarisation is improved labour productivity. Globalisation....
How can PPC solve central problem of an economy?
PP curve helps to solve this problem. For instance, if the technique used in production is obsolete, the economy will operate at some point not on the PP ...
What are the 5 stages of economic stages?
Explanation: Rostow’s Stages of Economic Growth include the following five stages: Traditional Society; Preconditions for Take-Off; Take-Off; Drive to Mat...
What do you mean by economic force?
Economic forces are the factors that help to determine the competitiveness of the environment in which the firm operates. These factors include: Unemploym...
What type of economic system did the former Soviet Union have?
The economy used by the Soviet Union was a command economy which means that the government controlled all aspects of the economy. What was the impact on S...
