What percentage of the US works in the primary sector?
The primary sector is no longer of great importance to the U.S. economy, given that it represents only about 3% of the U.S. private economy and employs on...
Where is nuclear energy commonly used?
Top five nuclear electricity generation countries, 2019 Country Nuclear electricity generation capacity (million kilowatts) Nuclear share of country’s tot...
How did the housing bubble cause the financial crisis?
Hedge funds, banks, and insurance companies caused the subprime mortgage crisis. Demand for mortgages led to an asset bubble in housing. When the Federal ...
What are the disadvantages of human made resources?
DISADVANTAGES OF MAN MADE RESOURCE —They pollute the environment and cause danger to the mother earth. A resource is a source or supply from which benefit...
How serious is poverty in Australia?
The poverty rate in Australia is worse than in most other wealthy countries. It is worse than in New Zealand, Germany and Ireland, according to the latest...
How does foreign exchange contribute to the economy?
Foreign exchange is the trading of different national currencies or units of account. It is important because the exchange rate, the price of one currency...
Why is per capita calculated in dollars and not in their own currencies?
SOLUTION: Per capita income of different countries are calculated in Dollars and not in their own currency by the World Bank in order to facilitate compar...
What is the most common example of a producer?
plants The most common example of a producer are plants. Through a process called photosynthesis, green plants use sunlight and water and make a type of s...
What factors can affect wages?
Following factors influence the determination of wage rate: Ability to Pay: ADVERTISEMENTS: Demand and Supply: Prevailing Market Rates: Cost of Living: Ba...
How is literature related to economics?
Since the Middle Ages, literature has portrayed the economic world in poetry, drama, stories and novels. The complexity of human realities highlights cruc...
