The global economy has seen significant changes since the banking crisis in 2008. Many economies have gone through large-scale austerity programs to reduce deficits. How has this affected the business organizational structure? How has employment and personal income been affected?

Q: How is the acquisition of fixed assets an important activity for a business organization?

A: Fixed assets are the assets that are purchased by a firm for long-term use and the fixed assets…

Q: 11. A key to business success is to decide in advance how to respond to the issues that   underlie…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: Governments across Europe have instituted austerity measures in an attempt to cut budget deficits…

A: Austerity measures The term austerity measures refers to the contractionary fiscal policies of the…

Q: In general, How to recover from the Great Depression?

A: Depression is a severe and prolonged reduction in  economic activity in an economy. A depression is…

Q: Why are institutions persistent and often unchanging according to Daron Acemoglu?

A: The provided question has been answered from Daron Acemoglu's theories on Institutitonal…

Q: Which statement best describes how contracts are a key characteristic of the U.S. economy? They…

A: Answer- 4. They allow both parties to feel secure in a business transaction.

Q: Imagine you are an economics professor in a world without money. Explain why it would be tricky to…

A: Money has important functions which are described as below: Money acts as a medium of exchange. The…

Q: Which of the following describes the statement "A fall in the supply of petrol will lead to an…

A: Economics is the branch of social science that deals with the production, consumption, and…

Q: Write in research form about the following? China’s economic transformation since the late 1970s has…

A: Neoliberalism is a philosophy of politics and economics that champions free trade, little government…

Q: There are three national economic goals: economic growth, full employment, and price stability. For…

A: Fiscal policy refers to the policy of the government to control the money supply in the economy.…

Q: Just by having money doesn't make a country rich. It's what the country can produce that makes a…

A: An economy's overall, gradual increase in the prices of goods and services is referred to as…

Q: Explain how the application of monetary and fiscal policy might be used to stimulate a country's…

A: Monetary Policy and Fiscal Policy Monetary policy is used by central banks to control the amount of…

Q: The supply chain is a convenient notion, but organizations are only really interested in making…

A: The movement and storage of raw materials, work-in-process inventory, and finished items, as well as…

Q: why the Nobel Prize in Economics in 2020 was awarded to Paul Milgrom and Robert Wilson

A: The Nobel Prize in Economics in 2020 was awarded to Paul Milgrom and Robert Wilson for their work on…

Q: Give examples of industries that need to get involved in the circular economy ?

A: The circular economy is transforming how we consume and reuse resources, reducing waste. It promots…

Q: What are some of the steps economies take to recover the market after the crash?

A: Following a recession, economic recovery is defined as a period of persistent improvement in…

Q: Explain the importance of the economic environment to business and identify the factors used to…

A: Making business decisions and allocating resources in the face of various problems is an aspect of…

Q: Discuss the political, economic, and legal systems of various countries, comparing them to the…

A: Please see here: Here is the guided explanation; you can tailor it and add your own insights.…

Q: Describe several ways that governments can foster entrepreneurship and encourage the creation of…

A: There are different ways in which the government can promote investment and facilitate wealth…

Q: Do you think that the conventional economic system will create economic stability? Why or why not?…

A: A traditional economic system is one in which human activities such as distribution, production,…

Q: Has the United States economy effectivily recovered from The Great Depression

A: The Great depression of 1930 still affects the United States in many such as it provides an example…

Q: Why is it that small business is more effective than big business in small or isolated markets?

A: Price advantage: the price of small business products is generally lower than that of large business…