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.
What does high or low operating leverage specify?
Briefly describe Financial Leverage? In what manner it is calculated? What does low or high financial leverage signify?
Explain: “Affluence tomorrow requires sacrifice today.”
What 2 points are required to emphasis foreign exchange market?
For Economic system argues by Adam Smith relies heavily upon all the given concepts EXCEPT: (w) market expansion will be facilitated through capital accumulation. (x) prices will be driven to the lowest point at that production can ev
“The legal form an enterprise assumes is dictated primarily by the financial requirements of its particular line of production.” Do you agree?
While productive resources are utilized efficiently: (w) prices greatly exceed production costs for current outputs. (x) opportunity costs are at their minimums for all goods. (y) domestic production exceeds the value of foreign output. (z) the value
Describe briefly Distinction between the term Component cost and Composite cost?
What are the facts of inflation?
Question: For a freely floating currency, currency i.____________________ occurs when the market value of a country's currency rises relative to the value of another country's currency, while currency ii.__________
18,76,764
1950732 Asked
3,689
Active Tutors
1445582
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!