Competition is the essential despot of the market economy
Evaluate and explain the statements: “Competition is the essential despot of the market economy”.
Expert
Competition provides discipline in 2 ways:
1st it pressurize firm to look for the least-cost manufacture methods or face being driven out of business by their rivals.
2nd it avoid victorious manufacturer from charging whatsoever marketplace will bear. Prices of competition kept at level anywhere total revenue production includes a profit. As in a cut-throat market situation it is hard process and difficult to accomplish the equivalent results, this shown Experience.
Elucidate various national currencies of foreign exchange market?
Describe Spillovers and externalities?
Not like speculation, there arbitrage is: (w) an activity which is generally more lucrative when conditions are favorable. (x) a profitable and relatively riskless activity. (y) the process of representing a domestic company within fo
The activities of speculators tend to, in the long run: (w) decrease the volatility of prices. (x) attract legal attention resulting in imprisonment. (y) increase the level and volatility of prices. (z) yield tremendous profits and raise costs to cons
Describe unequal burdens of unemployment exist?
Fuel stamp programs which subsidize heating oil purchases through low-income households encourage those families to: (w) create more income by working. (x) particularly conserve on their use of fuel. (y) live along with less purchasing power. (z) subs
plz find the attachment and dont compromise on quality,, no similarity n need to be done according to requierment...
Illustrate major economic flows that link U.S. with nations. Provide an example to illustrate each flow. Explain the relationship between the top and bottom flows.
Explain the Market System Specialization?
Question: You are given the following data about two firms: FIRM A Quantity 0
18,76,764
1961118 Asked
3,689
Active Tutors
1440303
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!