Give a Short Definition of "Janissaries

question 127

Short Answer

Give a short definition of "janissaries."

Understand characteristics common in developing nations, including low levels of saving and investment.

Explain the role of government efforts in supporting economic development and private efforts in developing countries.

Illustrate the challenges posed by widespread political corruption in the economic development of developing nations.

Describe how technological advances, such as new fertilizers, can support economic development in different topographical and climate conditions.

---

Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving weight to some data points more than others.

Gross Profit

The financial metric calculated by subtracting the cost of goods sold from total sales revenue.

LIFO Method

An inventory valuation method that assumes the last items placed in inventory are the first ones sold; stands for Last-In, First-Out.

Physical Count

The process of manually counting the actual inventory on hand at a specific point in time to verify stock levels and accuracy of records.