In economics, a glass ceiling refers to the invisible, unbreakable barrier that keeps women and minorities from rising to the upper rungs of the corporate ladder, regardless of whether they are more qualified than the men who get hired instead.
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In economics, the glass ceiling suggests that there is a limit to how far you can go on the corporate latter. For instance, there is a good chance that an individual that has just started working for a company may not receive the role of a manager until they've been with the company for quite some time.
it is a period of low output and low employment
Economics at its heart is the study of decisions made in order to efficiently allocate resources. Scarcity refers to the lack of unlimited resources in regards to the three inputs of production, labor, land and capital.
Cultural economics regards taking social, anthropological and other behavior to understand the exchanges and norms behind the exchanges of good and services. For example certain cultures may have differential views on intellectual and private property or the value of material things. Cultural economics build upon and study these ideas towards better human understanding.
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)