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Donald has worked for a decade at a bookstore
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Donald has worked for a decade at a bookstore. However be to change in one perences the book as more consumers shit towards online reading As a resun www be consid Sectone a Cyc caly unemployed C Frictionally unemployed Seasonal mod Scheme
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Your friend Gail is an electrician who does repair and installation work for small businesses and homeowners. She often has customers ask her if she will accept a credit card in payment for her services, but she has been reluctant to set up a credit card payment processing system in her truck. Using your favorite search engine or the resources of your library, identify at least two companies that offer devices that could be attached to Gail’s smartphone to allow her to accept credit card payments. Examine the product offerings of the two companies you identify and summarize the costs and benefits in a report of about 100 words that can help Gail decide if this payment processing option would make sense for her business
Expert Solution
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Answer: structurally unemployed.
Structural unemployment is caused due to long term changes in the demand or due to technological changes. In the above question, the consumers preference has changed to online reading which denotes a improvement in the technology.
Other types of unemployment
seasonal unemployment - unemployment which is due to seasonal changes or variations in the business.
Frictional unemployment- it is caused due to frictions in the working of labours in the market like job vacancies, interview, processing time etc.
Cyclical unemployment - it is taken place due to variations in the business or trade cycles ( recession, prosperity, recovery and depression ) or it takes place due to upswing or downswing of economic activity .
2
Phone Pay and Google Pay companies offers the devices that could be attached to our smartphones to allow her to accept credit card payments. Through applications of U Pay and Google Pay Gail can accept credit card transaction from her customers By using Phone Pay we can check bank account balance conduct bank transaction. It enable us to pay our electricity bills,water bills, insurance premiums etc. It provides more secure and convenient way to pay the bill of our purchasing. By using this app , we can save money and transaction cost .It allow us to recharge our mobile phone without going any recharge shop. If we share the link of this app to our friends and if they downloaded the app we will get Rs 200 cash payment. We can use this cash for mobile recharge. It also offers to buy gold coins through Phone Pay
Google Pay is also one the application of google that is used to conduct online banking and other transaction.Through Google Pay ,we can check our bank balance ,purchase goods and services, pay electricity bills,fees etc. There are many benefits for credit card payment . It reduces transaction cost that incurs for going to bank, and reduce labour cost like cheque ,money order , cash etc. It provides automatic and high transaction speed than cash payments. Online payments results less risk of theft. It is most convenient for online sales and purchasings.
If we would like to conduct debit or credit card transaction, firstly we have to go bank and link our mobile number to bank account. Th bank will charge two types of charges - one is annual fee and charges for issuing card
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