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Who benefits and who loses from a shift in jobs to low-wage economies?
Wiki User
∙ 14y ago
the employer usually benefits in low wage economies
Wiki User
∙ 14y ago
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Why did Greece shift from a barter to a coin economy?
Monetary based economies are superior to barter systems due to the fact that you don't have to carry your goods with you to market.
What are internal economies?
Distinguish between internal and external economies of scale. Internal economies of scale arise when firms increase their scale of production. Hence, they incur lower average costs of production, either through specialization or other factors. When average costs fall, giving the price of the good to be constant, profit margins of these firms will be increased. Thus, the individual firm benefits from internal economies of scale. External economies of scale arise when all firms in an industry experience decreasing average costs of production, which can be due to economies of concentration, information and disintegration. Unlike internal economies of scale, external economies of scales independent on the size of the individual firms in the industry as both small and large firms benefit from it. Secondly, internal and external economies of scale depend on several factors. Internal economies of scale arise due to technical economies, which states that as a firm increases its scale of production, it is able to delegate specific jobs to its workers. Hence, through specialization in a single job, the workers are able to improve their productivity through attaining higher levels of dexterity and skill through repeated practices. Thus when productivity per worker rises, the firm is actually producing a greater amount of goods and hence, the average cost of the good falls. Of course, internal economies of scale also depend on other factors, such as marketing economies, which basically states that a firm making bulk purchases on raw materials would be able to enjoy cheaper prices, such as financial economies, which states that as a firm increases its scale of production and need funds to buy more factors of production, it can get it from a bank at lower interest rates. This is because its larger assets and greater selling potential provides banks with greater security. And there are also less important factors such as risk bearing and managerial economies. External economies on the other hand, depend on mainly three different economies. As mentioned above, economies of concentration states that when firms in an industry are located close together, they can enjoy the pool of skilled workers and infrastructure provided by local colleges and the government respectively. Hence, through the provision of such valuable manpower and infrastructure, firms are able to attain lower average costs of production by employing these skilled workers with high productivity, or using the efficient road and communications networks to reduce transport and managerial costs. Likewise, economies of disintegration and information basically states that firms together can produce enough waste or by-products to make the packaging of these products a viable option, as in the emergence of subsidiary firms in economies of disintegration, or band together and share the costs of undertaking innovation of their products in economies of information. In the former, profits earned from the sale of the by-products can be used to lower average costs of production, while in the latter, the firms need only to pay less for innovation, which prevents average costs from skyrocketing. Finally, internal economies of scale affect the firm's average cost curve by shifting the initial position to the right along the curve. From the graph, it can be seen that a firm's initial position for output is OQ1, which costs OC1 to produce. However, if the firm were to increase it's output to OQ2, costs would fall to OC2 along the LRAC curve. Thus, internal economies of scales set in. however, external economies of scale do not result in a movement along the AC curve, but a shift of the AC curve itself. Hence, AC1 will shift downwards to AC2 and the firm, although still producing at OQ1, is able to enjoy lower costs of production from OC1 to OC2 due to the advancement of the industry as a whole. Thus concluding, the first difference is the size of the firms, the second is the factors involved and the third difference is how the AC curve of the firm is affected. etween internal and external economies of scale. Regards: (USMAN PATNI)
What is the conversion rate from American dollar to yen?
The conversion rate of currency between countries changes daily as economies shift. As of June 2013, a single United States dollar is roughly equal to 100 Japanese yen, so an item in a Japanese store that costs 500 yen will cost about five US dollars.
What causes a PPC to shift?
Factors that effects PPC shift is:economic growth or disasterincrease or decrease of resourcestechnological changesEconomic growth:sources of economic growth is accumulation of capital and tehnological advances.PPC will shift outwards to the right.Disaster:a shift inwards and to the left.Increase in resources:PPC shift to the rightDecrease in resources @ loss:PPC shift to the left.Improvement in technology :New innovations or improved techniques.PPC shift outwards.
If the government increases unemployment benefits then the labor demand curve shifts leftward?
In this situation, the government has increased unemployment benefits. This means that workers are less interested in finding another job right away. Therefore, it is not the demand curve that would shift. Instead the labor supply curve would shift to the left because less unemployed people are willing to get a job.This principle shows why unemployment is higher in countries that offer more lenient unemployment benefits. For example, more countries in Europe have much more lenient unemployment benefits that the United States. That is why, normally, the United States has a lower unemployment rate.I say "normally" because of the present situation in the United States, where right now, unemployment is at 9.7%(on 3/7/2010). This is not the usual unemployment in the U.S. and is a result of the recession that began in 2008.
Which event is distinct from to the modern era?
The shift from agricultural to manufacturing economies.
Chevrolet 2002 Malibu loses power and does not shift right what needs to be checked?
Have the Catalitict(SPelling off) convertor check.
What loses its head every morning and loses it every night?
A pillow loses its head every night and gets it back every night. If the person sleeping on the pillow was working third shift, then the pillow would lose its head every night and get it back every morning.
Why did Greece shift from a barter to a coin economy?
Monetary based economies are superior to barter systems due to the fact that you don't have to carry your goods with you to market.
1997 Oldsmobile Aurora when you go up a hill it loses power and don't shift?
Plugged air or fuel filter? Plugged catalytic converter?
1994 tracker 4wd standard shift runs okay then loses power like choking out or no gas then run great then loses power I checked vacuum all good?
Might want to check your fuel filter if you thinks its not getting gas.
What would cause a 2000 Jeep Wrangler to have no power in 5th gear?
If a 2000 Jeep Wrangler suddenly loses power in 5th gear, it might be a problem with the speed sensor on the transmission. This sensor regulates when the Jeep will shift or should shift.
Can you get unemployment due to being fired for refusing to take a different shift at work?
You could be eligible for unemployment benefits if you are discharged for refusing work during a shift you have never worked or agreed to work for the employer.
What loses its head every night and gets is back every morning?
A pillow loses its head every night and gets it back every night. If the person sleeping on the pillow was working third shift, then the pillow would lose its head every night and get it back every morning.
Do part time employees get health benefits at Panera bread?
No.Source: I work there as a bakery-cafe-associate. The associates and the shift managers are not offered health/dental benefits, but the general manager of the store is covered.
What are all the benefits of using CRM?
We are living in a world where markets and economies are in constant state of flux: •Clients Loyalty is Fading •Customers Expectations are Soaring •Market is Increasingly Complex •Increasing pressure on Gross Profit Margin GPM •Cluttered media ,High Cost & Low ROI •Buying patterns are showing a clear shift away from sales and marketing applications in favor of service-based software
How much does an MTA Train Operator make?
The minimum starting salary for an MTA Train Operator is $26.99/Hour + shift differentials and benefits.
