How does unemployment affect overall growth of the economy? When there is no employment there will be no cost of living, when there no cost of living in will get drastic damage. Answer: Unemployment brings down purchasing power of citizen resulting decrease in demand level in economy. This way it affect the overall growth of […]
What are indicators of economic activity?
What are indicators of economic activity? Economic indicators include various indices, earnings reports, and economic summaries: for example, the unemployment rate, quits rate (quit rate in American English), housing starts, consumer price index (a measure for inflation), consumer leverage ratio, industrial production, bankruptcies, gross domestic product. What are 4 examples of economic indicators? Top Economic […]
What are the factors affecting tourism demand?
What are the factors affecting tourism demand? Four main factors affect tourism demand include price, season, security, and trends. The more expensive the destination, the less likely people will visit. The weather patterns or season determines the attractiveness of a destination. If it’s too cold or too hot, people won’t visit. What are the major […]
What is meant by right to redress?
What is meant by right to redress? Redress means to set right, relief or remedy or a means of seeking relief or remedy. It can be putting right a wrong by compensation or compensation for injuries sustained; recovery or restitution for harm or injury; damages or equitable relief. Right to redress refers to the right […]
What type of economy did Connecticut have?
What type of economy did Connecticut have? In towns along the coast, the colonists made their living fishing, whaling, shipbuilding and shipping. The economy of other parts of Colonial Connecticut was based on timber products, the fur trade, maple syrup, copper, livestock products, horses, rum, whiskey and beer. How did the colony of Connecticut make […]
How is the scientific method applied in social sciences?
How is the scientific method applied in social sciences? The scientific method, as applied to social sciences, includes a variety of research approaches, tools, and techniques, for collecting and analyzing qualitative or quantitative data. These methods include laboratory experiments, field surveys, case research, ethnographic research, action research, and so forth. How is economics related to […]