In Recent Years, People Have Benefited from Greater Amounts of Leisure

question 106

Multiple Choice

In recent years, people have benefited from greater amounts of leisure time. This trend

• A) has caused GDP to rise.
• B) has caused GDP to fall.
• C) made GDP fluctuate randomly
• D) is not accounted for in GDP.

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Definitions:

Contractual Vertical Marketing System

A coordinated marketing system among businesses at different levels of the supply chain, established through contracts to maximize efficiency and profitability.

Functional Economies

Economic systems oriented towards the efficient and sustainable provisioning of goods and services to meet human needs.

Retailers

Businesses or individuals that sell goods directly to consumers, usually in small quantities, from a physical space or online platform.

Service-sponsored Franchise Systems

A franchising approach where the franchisor provides a comprehensive service package to the franchisee, including training, branding, and ongoing support, typically seen in hospitality and retail industries.