The Participation Rate in the U

question 55

Essay

The participation rate in the U.S.has increased steadily over time.First,explain what the participation rate represents.Second,explain why the participation rate has increased.

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Definitions:

Raw Materials

Basic materials that are in their natural, unprocessed form, used as inputs for production in manufacturing, construction, and other industries.

JIT

Just-in-Time is a management strategy that aligns raw-material orders from suppliers directly with production schedules.

Distribution Systems

Networks and processes involved in moving a product from the supplier to the customer, including logistics, warehousing, and retailing.