The selective benefits are regarded as benefits given only to group members. In order to overcome the free-rider problem, many interest groups offer selective benefits.
The free-rider problem is often known as a type of market failure. It takes place when individuals who benefit from resources, public goods or services of a benefit to all nature do not pay for them or they under pay.
They are problem because they do not pay for the goods but still continue to access or use it.
This problem in social science deals with how to limit free riding and its negative effects in the society.
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Natalie books an appointment at a hair salon to get a haircut, color, and a blow dry. When it is time for her appointment, she shows up at the salon and receives these services from a stylist. This scenario illustrates that services
The scenario where Natalie books an appointment and shows up at the salon to receives the services illustrates that services are usually distributed through direct marketing channels.
Direct marketing channel refers to the sales process which directly involves the seller and end buyer without the service of intermediary.
In a direct marketing channel, the service of intermediaries (such as retailers, agent, wholesalers) are not prioritize
The medium which are most perfect for direct marketing channel includes through internet, digital media etc
In the question, Natalie books an appointment with the stylist through her phone without the service of intermediaries.
Therefore, the scenario best illustrates that services are usually distributed through direct marketing channels.
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What is the most important factor of producing goods
Answer:
Human capital is the most important factor of production because it puts together land, labour and physical Capital and produce an output either to use for self consumption or to sell in the market. It includes the skilled and unskilled work force of a nation.
Taxes assessed on which single industry form a significant source of income for the state and add an element of unpredictability when projecting future revenues
Considering the macroeconomic analysis, Taxes assessed on the Petroleum or Oil industry form a significant source of income for the state and add an element of unpredictability when projecting future revenues.
This is because the petroleum industry is known for its high generating revenue, which has become a significant export for many countries worldwide.
Some countries that rely on petroleum or oil industry include OPEC countries, Russia, Brunei, etc.
However, given that many technologies are trying to move away from Petroleum energy, and due to its non-renewable nature, the revenue from the Petroleum industry is considered unpredictable.
Hence, in this case, it is concluded that the correct answer is Petroleum Industry.
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