Answer: Introduction: Human capital is acknowledged as the skilled labour force, who is productive in nature to add values and output to the existing product stock (Fitzsimons, 2015). There is difference between human capital and total number of workers available for work in the market because, it may so happen that all the workers available in the workforce may not be skilled and unless they are not skilled they cannot be called human capita...
Read MoreAnswer: Answer 1 Gross Domestic Product is the market value of all goods and services produced by a nation in a given year. Goods and services produced in a particular year is only included in GDP. With expenditure approach, all the expenditure made against produced goods or services included in GDP. Expenditures that does not account any production is not a part of GDP (Agénor and Montiel 2015). Now, transfer payments are expenditures...
Read MoreQuestion: Discuss About The Posttraumatic Stress Disorder By Counselors? Answer: Introducation The term refugee signifies persons who have to leave their motherland due to persecution, war and violence. Different working groups comprising of politicians, academicians, aid workers, press and other important individuals or organizations have been working industriously and religiously for the cognitive development and establishment...
Read MoreQuestion: Discuss about the Politics Security and Economic Development. Answer: Introduction The report is about the argument on the developmental state and mentions the reasons for economic success in the Asia Pacific. The report includes the some examples to explain the argument clearly. It also includes the factors by which economy is successful in the developmental state. How valid is the argument that the developmental...
Read MoreQuestion: Write an Essay on Globalization and the Diversity of International Consumption Patterns. Answer: Globalization has helped in development of the country as well as helped in making the countries all around the world come closer (Scriven 2014). Globalization also helps in increasing the diversity among the customers. Earlier the customers were confined to the things that are produced in the country. Due to globalizati...
Read MoreQuestion: Discuss about the International Relation & Global Economy. Answer: Introduction The topic of this essay is to find out how the strong growth in China had affected the Australian manufacturing industry over the past decade. This essay is developed by combining ideas gathering from various articles. In this essay, the relationship between the two countries is analyzed. It has been found that the asymmetric in ...
Read MoreQuestion: Describe about comparison between local and chinese economies and relation between economic growth and personal freedom. Answer: Comparison between local and Chinese economies Global: The US economies are a community that relies on industries, farming and other activities. Therefore, the people of such economies do not use global indicators to plan their activities. However, with rise in technology and education, the local...
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