workers was large. This relationship seemed likely to continue indefinitely but these original expectations proved illusory.
1) Changes in life expectancy
Changes in life expectancy affect public pension programs. For example the US social security system the typical worker who reached the system normal retirement age of 65 was expected to live another 12 years. And today the time is getting
workers.
d. An increase in border enforcement, reducing the number of illegal immigrants entering the country.
a. 최저임금이 상승하면 상대적으로 고임금 노동자를 고용하는 것이 기업의 입장에서는유리하다. 보통 고임금 노동자가 생산성이 더 높고, 최저임금이 상승하면 저임금 노동자는 자신의 생산성보다 더 높은 임금
Ⅰ. low fertility
Fertility is one of the major determinants of a nation’s population
The society-wide consequences of the recent fertility decline will be pervasive, affecting demography, the economy, family links, inter-generational and international relationships.
Working capital/sales 7.2% 24.3% 28.7% 0.6%
Net working capital ratio 13.0% 47.5% 21.3% 0.8%
Operating exp. ratio 91.8% 73.3% 68.8% 58.2%
Figure above compares the financial performance of Inditex with its key international competitors in 2001. Taking a brief look of the figure, Inditex was the most profitable firm, measured by ROIC. Return on Invested Capital is a key measure of a company