Stage 1: Low Growth (high CBR&CDR, low NIR)
Stage 2: High Growth (high CBR&NIR, low CDR)(happened due to industrial revolution)ex:Cape Verde, Nicaragua
Stage 3: Moderate Growth(decreasing CBR,CDR,NIR)(happens when people decide to start having less kids) ex:Chile,
Stage 4:Low Growth(CBR=CDR, has ZPG) ex: USA, England, Luxemburg
Stage 5:unofficial stage (low CBR, increasing CDR) ex: Russia
says- What farmers produce varies upon distance from market
-takes into account cost of tranportation (which governs use of land)
-assumes no natural features (land uniformity)
-model places market in middle surrounded by dairy, then forestry (lumber), then grains and field crops, and lastly ranching and livestock
says- all countries move through 5 steps to development and modernization through selling resources and global participation (productive)
Step 1: Traditional Society:high in agriculture but unproductive and developed
Step 2:Preconditions of Takeoff:development begins with innovative leader who starts to buy technology
Step 3:Takeoff:Same areas start to produce and become productive and bring in $
Step 4:Drive to Maturity: Technology diffuses and workers become more specialized
Step 5:High Mass Consumption: More specialized jobs and become consumers
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QuickBooks does not use special journals. Instead, QuickBooks uses special screens designed to help make specific entries. These screens include one for entering bills, which is used to enter purchases on account, and one for paying bills, which is used to enter payments on account.
When you enter a purchase on account in QuickBooks, a vendor must be identified. That vendor must have already been entered into the company file. The software will credit both Accounts Payable and the specific vendor account. At the same time, an account to debit must be identified. For example, if buying supplies on account, the account-Supplies-would be identified in the entry and automatically debited. When a payment on account is entered, the software will automatically debit both Accounts Payable and the vendor, and credit Cash.
Journalize purchases, cash payments, and other transactions completed during November.
SoundLab Inc. manufactures two models of speakers, DL and XL. Based on the following production and sales data for November 2014, prepare (a) a sales budget.
|Estimated inventory (units), November 1||270||85|
|Desired inventory (units), November 30||315||55|
|Expected sales volume (units):|
|Unit sales price||$ 170||$ 280|