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Amar Kumar 8 years, 7 months ago
Human capital refers to the collective knowledge, abilities and experience of a workforce in an organization. This phrase is used to denote the view that employees are valued assets within an organization and perform productive work that contributes to the bottom line.
While companies rely on property, equipment and work processes to operate, the level of human talent in an organization separates it from competitors. To maintain a high level of performance, companies often have specific educational and work background requirements for employees in given positions. The more qualified workers are that perform certain activities, the more value the business derives from its human capital.
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Amar Kumar 8 years, 7 months ago
Poverty is general scarcity or the state of one who lacks a certain amount of material possessions or money. It is a multifaceted concept, which includes social, economic, and political elements.
Absolute poverty or destitution refers to the lack of means necessary to meet basic needs such as food, clothing and shelter.
Absolute poverty is considered to be about the same independent of location.
Relative poverty occurs when people in a country do not enjoy a certain minimum level of living standards as compared to the rest of the population and so would vary from country to country, sometimes within the same country.
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Amar Kumar 8 years, 7 months ago
"Economy" means the total resources of a community or country. Therefore, economy compasses many things, such a money, the wealth of citizens, and the amount of commodities or products available for consumption. Although there are many ways of measuring the economy, the GDP, or gross domestic product, provides one of the best general overviews of the U.S. economy. The GDP measures the total output produced by people and businesses.
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Rahul Sharma 8 years, 2 months ago
total no, of workers= 75
mean salary= Rs. 5680
total money= 75*5680 = Rs. 426000
no of worker with salary rs. 5400= 25
total money paid to 25 workers = 25*5400 = 135000
no. of workers with rs. 5700 slaray= 30
total money paid to 30 workers.= 30*5700 = 171000
.total worker. paid= 25+30= 55
remaining workers= 75- 55 = 20
total money paid to 55 workers= Rs. 171000+ rs. 135000
= rs. 306000
remaining money= Rs 426000 - rs 306000 = rs. 120000
average of remaining money = remaining money/remaining workers..
= rs.. 120000/20
= Rs 6000
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Amar Kumar 8 years, 7 months ago
In economics, demand is the quantity of a commodity or a service that people are willing or able to buy at a certain price. The relationship between price and quantity demanded is also known as demand curve. Preferences and choices, which underlying demand, can be represented as functions of cost, benefit, odds and other variables
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