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Due to slowing growth in China and other developing countries,Caterpillar ________ the number of persons it employed in 2013 and this ________ the total number of persons unemployed in the economy.
Manufacturing Tools
Instruments, machines, or related items used in the manufacturing process to produce goods and products.
Obsolete
Refers to products, technologies, or methods that are out-of-date or no longer in use.
Simple Interest Loan
A loan where interest is calculated only on the principal amount, not on accumulated interest.
Net Advantage To Leasing
The financial benefits that accrue to a business when leasing assets as opposed to purchasing them, often considered in terms of cost savings and tax advantages.
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