What are the most famous instances of backward integration?

July 8, 2024 No Comments

A: Backward integration refers to when a business owns a supplier in its supply chain. This form of vertical integration can be advantageous to the primary business if control of the business that is downstream the supply chain provides a guaranteed supply of inputs. Some

What are the most important aspects of a capitalist system?

July 8, 2024 No Comments

A: The most important aspects of a capitalist system are private property, private control of the factors of production, accumulation of capital and competition. The starkest counterpoint to capitalism is communism; in a communist system, there is no private property, a central government controls the

What are the nations with the lowest PPP (purchasing power parity) with respect to the US?

July 8, 2024 No Comments

A: Purchasing power parity (PPP) is one of several economic indicators used to compare how much goods cost from country to country. If the exchange rate between two countries is in proper equilibrium, then those countries should have PPP. Once the exchange rate is taken

What are the requirements for being a Public Limited Company?

July 8, 2024 No Comments

A: The requirements for an entity to be considered a public limited company (PLC) include registration requirements, establishing directors and offering shares. A Public Limited Company A PLC is a form of publicly held company under U.K. law, the Republic of Ireland, and some Commonwealth

What are the three major economic components necessary for stagflation to occur?

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A: Stagflation is most commonly referred to as the simultaneous experience of three separate negative economic phenomena: rising inflation, rising unemployment and a declining demand for goods and services. Despite several examples of stagflating Western economies during the 19th and 20th centuries, many economists did

What are these points that the Dow is always gaining or losing?

July 8, 2024 No Comments

A: The Dow is a list, or index, of companies considered to be good indicators of the market’s strength. Simply put, these companies are a barometer of the market: when they do well, the economy is doing well, and vice versa. So the Dow takes

What assumptions are made when conducting a t-test?

July 8, 2024 No Comments

A: The common assumptions made when doing a t-test include those regarding the scale of measurement, random sampling, normality of data distribution, adequacy of sample size and equality of variance in standard deviation. The T-Test The t-test was developed by a chemist working for the

What can policymakers do to decrease cyclical unemployment?

July 8, 2024 No Comments

A: Downturns in the business cycle cause cyclical unemployment, so policymakers should focus on expanding output, which they can best achieve by stimulating demand. During a downturn, businesses face declining revenues and find themselves forced to cut costs. As a consequence, they lay off workers.

What caused the American Industrial Revolution?

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A: The initial vestiges of industrialization appeared in the United States in 1790, when Samuel Slater opened a British-style textile factory in Rhode Island. While most historical accounts place the start of the full-scale American Industrial Revolution at either 1820 or 1870, factory labor and

What caused the Stock Market Crash of 1929 that led to the Great Depression?

July 8, 2024 No Comments

A: The stock market crash of 1929 was due to a market that was overbought, overvalued, and excessively bullish, rising even as economic conditions were not supporting the advance. The crash began on Oct. 24, 1929, when the market opened 11% lower. Institutions and financiers

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