Que:- How can the firms cope up with changing technological environment? Ans:- . INTRODUCTION:- We are constantly tethered to our mobile devices.We are managing our texts,emai em, social media feeds, tablets,smart watches and more.We have become very adept at multitasking,but it has been at a significant price.The price of our leisure time.In addition we are overloaded with information.There are thousands of event related software applications.There are more than 2 million free or nearly free apps for iOS and android.The web is continuing to burst with time consuming options.The vast sprawling nature of the options has been compared to drinking out of a fire hose and not being sure of the source of the water.Where does one even start? THERE IS HOPE OUT THERE, HOWEVER.I OFFER MY SUGGESTIONS OF WHERE TO START:- 1)TECHN TECHN TRAINING IS KEY TO EFFICIENCY INCREASE:-Companies and individuals must make a commitment to technology support and tra...
Q1:- what are the drawbacks of unregulated capitalism? Ans:- capitalism is an economic system characterised by. Lack of government intervention Means of production owned by private firms Goods and service distribution according to price mechanism opposed to government price control Pros of capitalism:- A society that puts equality before freedom will get neither a society that puts freedom before equality will get a high degree of both Economic freedom helps political freedom if governments own the means of production and set price it invariably leads to a powerful state and createss a large bureaucracy which Mery extned into other areas of life. Efficiency:- firms in a capitalist based society face incentives to be efficiency and produce goods which are in demand these incentives create the pressures to cut costs...