enabled firms to swap bad mortgage securities for safe Treasury bonds.
Just-in-time inventory management had enabled firms to adjust stocks more judiciously.
This has enabled firms large and small, across the sector, to invest in staff, marking the ninth successive month on month increase in employment.
Then the Chicago School came along, making the case that vertical integration was usually justified on grounds of efficiency: it enabled firms to cut costs and reduce prices.
"Our challenge now is to build on these firm foundations to drive higher rates of start-ups and create a landscape favourable to digitally enabled firms to thrive and contribute long term to growth and jobs".
During the recession, the argument goes, the surplus of qualified workers would have enabled firms to cut nominal wages, but nominal wages are downwardly-rigid: for reasons of law, custom or collective agreement, firms rarely cut hourly pay.
Recent advances in Internet-based telecommunication technologies have enabled firms to compete across their own regional and national borders regardless of physical presence, location and size.
First, the data highlight that designing products under variable use conditions enabled firms to optimize products for widespread use and to increase the predictability of product outcomes.
In recent years, technological advancements have enabled firms to use horizontal, and not just vertical, drilling to exploit rock formations once out of reach, including the gas-rich Marcellus Shale formation across New York and Pennsylvania.
The better inclination of MCA students towards entrepreneurship could possibly be attributed to the Information Technology revolution which has prompted many young minds to begin IT enabled firms with low capital investment.
