answersLogoWhite

0

More than 50 percent of all U.S. homes are more than 25 years old, and the aging baby boom population is shifting from do-it-yourself to do-it-for-me, providing a growing market for skilled carpenters

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Economics

What demographic trends will have the most impact on small business in the future?

Demographic trends such as an aging population, increasing diversity, and the rise of remote work will significantly impact small businesses in the future. As the population ages, there will be a growing demand for products and services tailored to older adults. Increased diversity will necessitate businesses to adapt their marketing strategies and offerings to cater to a broader range of cultural preferences. Additionally, the shift to remote work may lead to a greater emphasis on digital services and e-commerce, reshaping how small businesses operate and connect with customers.


What is mesured by utility?

Utility measures the satisfaction or pleasure that a consumer derives from consuming goods and services. It is a fundamental concept in economics used to evaluate choices and preferences, helping to explain consumer behavior. Higher utility indicates a greater level of satisfaction, guiding decisions on resource allocation and consumption.


What is The amount of goods and services produced by an economy divided by the amount of resources used to make those goods and services measures economic?

The amount of goods and services produced by an economy divided by the resources used to produce them measures economic productivity. This metric indicates how efficiently an economy utilizes its resources, reflecting the overall health and performance of economic activity. Higher productivity typically leads to greater economic growth and improved standards of living, as more output is generated with the same or fewer inputs.


How does international trade affect consumers?

Consumers have access to a greater variety of goods and services from other countries.


When an economy of a country depends more on services than that of industries?

When an economy relies more on services than on industries, it is often referred to as a service-oriented or service-based economy. This shift usually indicates a higher level of development, as services such as healthcare, finance, education, and technology often provide greater value and employment opportunities. However, it can also lead to vulnerabilities, such as susceptibility to economic downturns in specific service sectors or a lack of diversification. Additionally, this dependence may affect trade balances and job stability in manufacturing sectors.

Related Questions

What pH indicates a base?

A pH greater than 7 indicates a base.


What is the sign for greater than?

The sign for "greater than" is represented by the symbol ">". It indicates that the value on the left side of the symbol is larger than the value on the right side. For example, in the expression "5 > 3," it indicates that 5 is greater than 3.


What demographic groups are at risk for acute angle glaucoma?

Individuals of Asian and Eskimo ancestry appear to be at greater risk of developing it.


What demographic trends will have the most impact on small business in the future?

Demographic trends such as an aging population, increasing diversity, and the rise of remote work will significantly impact small businesses in the future. As the population ages, there will be a growing demand for products and services tailored to older adults. Increased diversity will necessitate businesses to adapt their marketing strategies and offerings to cater to a broader range of cultural preferences. Additionally, the shift to remote work may lead to a greater emphasis on digital services and e-commerce, reshaping how small businesses operate and connect with customers.


Is the birth rate in a population is greater than death rate the population will generally what?

If the birth rate in a population is greater than the death rate, the population will generally increase in size over time. This growth can lead to a younger demographic and increased economic activity, but it may also strain resources and infrastructure if not managed properly. Over time, if trends continue, this can also impact social services and the environment.


Which value shows a greater probability that the result did not occur by chance 0.05 or 0.001?

In the context of significance tests, the value of 0.001 indicates a lesser likelihood that the event occurred by chance, that is a greater probability that it did not occur by chance.In the context of significance tests, the value of 0.001 indicates a lesser likelihood that the event occurred by chance, that is a greater probability that it did not occur by chance.In the context of significance tests, the value of 0.001 indicates a lesser likelihood that the event occurred by chance, that is a greater probability that it did not occur by chance.In the context of significance tests, the value of 0.001 indicates a lesser likelihood that the event occurred by chance, that is a greater probability that it did not occur by chance.


Is a sustained blood pressure of 140 90 or greater indicates hypertension in the patient?

yes


What services are provided by the Greater Greenville Association of Realtors?

The services provided by the Greater Greenville Association of Realtors include not only affiliate services where someone who has an interest in real estate can benefit from becoming a member, but also services for members, including information on how to obtain a Real Estate License.


What are inequities in algebra?

An inequality (or an inequity) is when an equation has either of the symbols < or > in place of the equals sign. < indicates that the value to the left of it is less than the value to the right of it. > indicates that the value to the left of it is greater than the value to the right of it. Two other signs are also used: ≤ and ≥ ≤ indicates that the value to the left of it is "less than or equal to" the value to the right of it. ≥ indicates that the value to the left of it is "greater than or equal to" the value to the right of it.


What is friction coefficient?

A higher coefficient of friction indicates that two surfaces in contact have a greater resistence. A lower coefficient of friction indicates that the two surfaces in contact have less resistence. Soccer cleats on grass have a greater coefficient of friction than skates on ice.


What is coefficient of friction..?

A higher coefficient of friction indicates that two surfaces in contact have a greater resistence. A lower coefficient of friction indicates that the two surfaces in contact have less resistence. Soccer cleats on grass have a greater coefficient of friction than skates on ice.


What is the blank the value of the the coefficient of friction the greater the resistance to sliding?

The coefficient of friction represents the resistance to sliding between two surfaces. A higher coefficient of friction indicates greater resistance to sliding, while a lower coefficient of friction indicates less resistance.

Trending Questions
What are four main effects of a drought on agricultural activities? In the late 1800s supporters of monopolies believed that monopolies added to the general economic prosperity What did the critics of monopolies say? In a market economy who determines the market price? Is managerial economics is the integration of economic theory with business practice for the purpose of facilitating decision making? When it comes to social responsibility some people feel that before you can do good you must do well. This phrase reflects that a firms primary responsibility is to their whom? What is it called when the government takes over a private industry? Are public toilets public goods? Draw a demand curve illustrating price inelastic demand and explain how the curve relates to the definition of price elasticity of demand? What is classical theory of income and employment? What happens when the government increases the money supply? What is the term for all of the people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address? What decade was there a major economic depression in the last half of 1800s? What was dengs economic plan? Examine the past present and future of entrepreneurship in Nigeria? What is necessary before investment can take place? The degree to which existing emphirical evidence supports each of three forms of market efficiency hypothesis? A commodity futures market exists within broader commodities for what reason? How has the fertilizer industry developed? Which one of the following choices is the best way to control type 2diabetes? What are some of the economic effects of monsoons?