Arguments against the role of the state gained increasing credence during the 1970s when economic stagnation, high unemployment and other economic crises affected the world economy. Under neoliberalism, a new set of relationships has emerged between the state, the market and civil society for the ...
What do we mean by economies of scale?Economy:An economy can be defined as the organizational system of an industry or trade-in a country or a particular region. It refers to the proper use of money, time and resources to achieve a certain outcome. An economy can be broken down into ...
In economics, what do we mean by the elasticity of demand for the final product? What is the price elasticity of supply between $20 and $30? What is the price elasticity of supply? What is meant by the term "elasticity of demand"? What are the main factors influencing the elasticity of...
Any other agent would have kicked your ass to the curb long ago.talk up:赞扬,夸大柯林斯英语释义:If someone talks up a particular thing, they make it sound more interesting, valuable, or likely than it originally seemed.例句:He'll be talking up his plans for the economy. piss off:使厌烦...
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Jobless workers aren't included in the unemployment rate. The labor force is made up of the employed and unemployed—those who are neither employed nor unemployed aren't counted as part of the labor force.9What Do Jobless Claims Mean? Jobless claims are a measure of how many people are ...
Motorists like to joke that it took the International Monetary Fund to unclog Bangkok’s notoriously jammed thoroughfares. Before the economy crashed last summer, Bangkok was famous for its round-the-clock gridlock. Stories of how people coped became urban lore. Thais bought custom-made vans ...
During a McKinsey Live webinar, senior partners Hortense de la Boutetière and Martin Hirt explained the current global economic conditions, the trends emerging from the crisis, and what they mean for companies charting their paths to the future. Where...
This type of income plays a critical factor in theeconomy. It drives how much consumers spend, how much companies earn, and how much people save and invest. By extension, it drives consumer demand for goods, manufacturing levels, distribution, and the overall well-being of the economy. ...
The term “gig economy (零工经济)” has been out there for a while, but what does it mean for the people involved? On the consumer side, we think of it as shopping with smart devices and social media. On the job side, it is working as a freelance contractor (working independently for...