What are the types of specialization in economics?

What are the types of specialization in economics? Specialization can increase the productivity of and provide a comparative advantage for a firm or economy. Microeconomic specialization involves the individual actors and economic components, and macroeconomic specialization involves the broad advantage an economy holds in production. What can a producer gain by specializing? Answer: Specialization is […]

What is the first step in the systematic approach to problem solving analyze the problem identify possible solutions define the problem create the group?

What is the first step in the systematic approach to problem solving analyze the problem identify possible solutions define the problem create the group? Answer: Analyze the problem is the correct answer. Explanation: The first step in the systematic approach to problem solving is to Analyze the problem. Analyze the problem means to analyze or […]

Are there any matriarchal societies today?

Are there any matriarchal societies today? However, there are still surviving matriarchal societies to be found where women, literally, are the dominant steering factor in all matters, social, political, and economical. Lineage is traced through the women of the family. This society is also matrilineal, meaning property is handed down the same female line. What […]

What are the Fatal 4 in construction?

What are the Fatal 4 in construction? The “fatal four” injuries that contributed to 57 percent of the fatalities in the construction industry were falls, caught between objects, electrocutions and struck by objects. What are OSHA’s Fatal Four? The Fatal Four Hazards consist of falls, electrical exposure, struck-by and caught-in/between situations, and result in 545 […]

What is the utility that is created by moving goods from surplus points to point where demand exists?

What is the utility that is created by moving goods from surplus points to point where demand exists? Logistics provides place utility by moving goods from production surplus points where demand exists. Logistics extends boundaries of the market area, thus adding economic value to the goods. Which utility is created primarily by transportation and delivery? […]

When was Fort Ross built?

When was Fort Ross built? 1812 Who owned Fort Ross? John Sutter How many of the original buildings are still standing at Fort Ross? The six buildings seen today, the two blockhouses, the Kuskov house, chapel, Rotchev house and officials’ quarters, along with the well, represent only a sample of the once rich and vibrant […]

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