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.
Section 1.50: It is a section of the Budget Act which A) Identifies a certain style and format for the codes employed in the Budget Act, B) Authorizes the Department of Finance
Hi, I am a management student studying in a business school. I have given a case study (attached below in PDF) as evaluation. I was able to get an English version but since i am not familiar with the subject i don't know how to solve this. I would like to know if you can provide any solution f
Expenditure Authority: The authorization to make expenditure (generally by a budget act appropriation, provisional language or some other legislation).
Governmental Cost Funds: For lawful basis accounting and budgeting aims, funds which derive revenue from the taxes, licenses, and fees.
Reappropriation: The expansion of an appropriation’s accessibility for encumbrance and/or expenses beyond its set annihilation date and/or for a new point. Re-appropriations are usually authorized by statute for 1-year at a time however might be
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Element: It is a subdivision of a budgetary program and the second stage of the program structure in the Uniform Codes Manual.
what are the advantages and disadvantages of working capital source of finance
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