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.
Write down the theories of capital structure?
Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below: Q : Define Benefit Cost Ratio or Briefly describe the term Benefit Cost Ratio (or B/C Ratio) or Profitability Index (or PI)?
Briefly describe the term Benefit Cost Ratio (or B/C Ratio) or Profitability Index (or PI)?
Give a brief introduction of the term Financial Leverage?
What are the main sources of growth?
Describe two kinds of efficiency Full production imply?
The least probable of the given industries to be a contestable market is: (1) video rentals. (2) pizza delivery. (3) cable television. (4) trucking. Can someone explain/help me with best solution about problem of <
surpluses drives price down,shortages drive up
What is the most important source of revenue and the major type of expenditure at the Federal level?
My friend can't succeed to get the answer of this question. Give me solution of this question. From a heterodox perspective, why does destructive price competition drive enterprises to set up market institutions which would abolish price competition?
18,76,764
1954234 Asked
3,689
Active Tutors
1440150
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!