City a Has a Total Population of 10 Million, of Which

question 74

Essay

City A has a total population of 10 million, of which 70 percent are adults. Assume that 20 percent of the adult population is not looking for a job and 60 percent of the remaining adult population is employed. Compute the following:
a. Labour-force participation rate
b. Unemployment rate

Understand the legal framework for equality and non-discrimination in the commercial regulation.

Understand the stages of the new-product development process.

Comprehend the concept of product adoption and diffusion in markets.

Identify ethical issues and environmental considerations in product design.

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Definitions:

Fractions

A mathematical expression representing the division of one quantity by another, typically written with a numerator above a denominator.

Lowest Terms

A fraction reduced to the lowest possible terms while retaining its original value.

Tort

A civil wrong or infringement of a right leading to legal liability, distinct from breach of contract.

Breach of Contract

The failure to perform any term of a contract, written or verbal, without a legitimate legal excuse.