From the perspective of Porter’s five forces model, an attra…

From the perspective of Porter’s five forces model, an attractive industry is one in which intense rivalry already exists among competitors, there are substantial threats in terms of new competitors and substitute products, and suppliers and buyers are very powerful in bargaining over prices and quality.

“Say that the average worker in Canada has productivity of $…

“Say that the average worker in Canada has productivity of $30 per hour while the average worker in the United Kingdom has productivity of $28.50 per hour (both measured in U.S. dollars). Over the next six years, say that worker productivity in Canada grows at 1% per year while worker productivity in the UK grows 3% per year. At that point, who will have the higher productivity level, and by how much?”

“When discussing economic growth, it is often useful to focu…

“When discussing economic growth, it is often useful to focus on ____________, to avoid studying changes in the size of GDP that represent only having more people in the economy, and focus on those increases in GDP which represent an actual rise in the standard of living on a per person basis.”