Asked by Victoria Rodriguez on Jun 29, 2024
Verified
Which of the following is a criterion of a good economic condition in the general environment?
A) the rising income inequality among the working class
B) the low unemployment rate in the society
C) the introduction of new developments in the technological areas
D) the introduction of carbon neutral methods for sustainable development
E) the occurrence of long-term joblessness among the people of the society
Economic Condition
The state of an economy at a given time, including factors such as growth rate, inflation, employment levels, and overall economic health.
Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment.
Income Inequality
The unequal distribution of income within a population, often measured by various statistical tools and indicative of economic disparity.
- Recognize and elucidate the economic factors influencing the functioning of businesses.
Verified Answer
Learning Objectives
- Recognize and elucidate the economic factors influencing the functioning of businesses.
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