Question: Write an essay on the 20Th century. Answer: Introduction The 20Th century, has seen various kinds of technological advancements. Countries like, America, Europe as well as many countries of East Asia has enjoyed the advance kind of material and technological advancement that was almost impossible in the eras before. (Alexandropoulos et al.) The main reason behind this was that of the basic benefits of capitalism was spread...Read More
Question: Explain Economics Of Organization And Management. Answer: 1a. Lincoln electric started awarding bonus since 1934. The board of directors determined the amount to be awarded as bonus to the workers. It was a merit based bonus system. It was done to boost productivity of the workers. It varied between 78% to 128% of wages. But in the past years it dropped to 40% to 50%. The rating was based on a scale of 100. People scor...Read More
Question: Describe about the Absolute Advantage Versus Comparative Advantage? Answer: On a Valentine’s Day greeting cards and roses become necessary commodities. The demand for both the goods rises followed by the rise in price. The price of roses always increases more than the price of cards because of price elasticities. The supply elasticity of greetings card on Valentine’s Day is more elastic than the supply of ...Read More
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