Briefly Explain How a Web-Based Portal Can Be Used by Employers

question 32

Essay

Briefly explain how a Web-based portal can be used by employers to give their employees access to work apps and data using mobile devices.

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Definitions:

Excess Demand

Occurs when the quantity demanded of a product significantly exceeds its quantity supplied, often leading to a shortage.

Equilibrium Price

The price at which the quantity of a good or service supplied matches the quantity demanded, resulting in market stability.

Output

The total amount of goods or services produced by a business, industry, or economy.

Economic Efficiency

A situation where resources are utilized in the most optimal manner, producing the desired output with minimum waste or expense.