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The price of diamonds is high,in part because the majority of the world's diamonds are controlled by a single firm.This is an example of
Professionalization
Takes place when members of an occupation insist that people earn certain credentials to enter the occupation. Professionalization ensures standards and keeps professional earnings high.
Credentials
Documents or qualifications proving a person's background, status, or abilities.
Occupation
A person's job or profession, regarded as their main source of livelihood and a means of participating in society.
Educational Achievement
Refers to how much students actually learn.
Q2: Contrast the crisis in Poland and Russia.Explain
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Q540: Refer to Figure 2-5. Efficient production is