Learn about the process of resource allocation in economics. Understand the benefits and challenges and determine the ideal method of resource...
Disposable income in both countries includes take-home wages and salaries (including meals, housing, or bonuses), net business income, net property income, and pensions and other cash benefits. In the case of India, ‘wages’ refers to take-home income, while in China there is more detailed...
digitization, is fundamentally different from the first two because it contains the promise of significant productivity-boosting opportunities, yet the benefits have not materialized at scale. This is due to adoption barriers, lags, and transition costs such as the cannibalization of incumbent revenues....
New McKinsey Global Institute analysis finds a more nuanced reality. The world remains deeply interconnected, and flows have proved remarkably resilient during the most recent turbulence. Furthermore, no region is self-sufficient. The challenge, therefore, is to harness the benefits of interconnection ...
Externalities can stem from either the production orconsumptionof a good or service. The costs and benefits can be both private—to an individual or an organization—or social, meaning it can affect society as a whole. Key Takeaways An externality is an event that occurs as a byproduct of ...
After defining this aspect, managers developing communication strategies inducing eco-behaviour would have some guidelines about which kind of message could be effective. The distinction is crucial, considering that the analysis conducted on our sample show that Italian and Chinese are different in terms...
As previously noted, compared to spending money, spending time has a higher perception of benefits and a more ambiguous perception of costs. Therefore, we hypothesize that perceived value will have a higher mediating role between CSR and consumer responses (perceived CSR and participation intention) ...
while it is likely more financially beneficial for an executive to stay on at a company rather than take time off to care for their new newborn child, it is still considered rational behavior for them to take time off if they feel that the benefits of the time spent with their child out...
the adoption of extensive AI systems will have on public institutions; if they begin to rely on digitization and automation helmed by large private companies, in what ways will their resources and capacities be shifted, and what would this kind of interdependence mean for public–private ...
When the government chooses the “support” strategy, the financial subsidies, tax incentives, investment in infrastructure, and efforts in the introduction and cultivation of talents to enterprises are higher than the benefits that the enterprise can obtain from enterprises participating in the cross-...