Correlate each to the New Economy
Correlate each to the New Economy: the rate of productivity growth information technology increasing returns network effects global competition
Correlate each to the New Economy:
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Each of the above is a feature of the New Economy. The rate of productivity growth has risen substantially because of innovations using computers, microchips, new telecommunications devices and the Internet. All innovations define features of what we call information technology that connects information in all of the parts of the world with information seekers. New information products are frequently digital in nature and can be simply replicated once they have been building up. The start-up cost of new technology and firms is high, however expanding production has a very low marginal cost that leads to economies of scale – firms’ output raise faster than their inputs. Network influence refers to a kind of economy of scale whereby certain information products become more valuable to every user as the number of buyers grows. For instance, a fax machine is more useful to you while lots of other people and firms have one; the similar is true for compatible word-processing programs. Global competition is a feature of the New Economy since both transportation & communication can be accomplished at much lower cost & faster speed than previously that expands market possibilities for consumers and producers both who are not very restricted by national boundaries today.
What do you mean by Without Regard To Fiscal Year (WRTFY): Where an appropriation has no period of restriction on its accessibility.
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End of Chapter Problems Page 150 5.2 The Audiology Department at Randall Clinic offers many services to the clinic’s patients. The three most common , along with cost and utilization data, are as follows: Service Variable cost per service Annual Direct Fixed cost Annual Number of Visits Basic
Why might investors overestimate the prospects of growth companies and underestimate value companies?
Legislative Analyst’s Office (LAO): A non-partisan organization which gives advice to the Legislature on the fiscal and policy matters. For illustration, the LAO annually publishes a full analysis of the Governor's Budget and this document becom
Merit Salary Adjustment (MSA): The cost factor resultant from the periodic raise in salaries paid to the personnel occupying authorized positions. The personnel usually receive a salary raise of 5 percent per year up to the upper sala
Year of Completion (YOC): This is the last fiscal year for which the appropriation is accessible for encumbrance or expenditure.
Section 8.50: The Control Section of Budget Act gives the authority to raise federal funds expenses authority.
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