Is Monopoly necessarily less efficient than Perfect Competition According to SJ Grant’s Introductory Economics‚ Monopoly is the only sole supplier of the industry. They would not inherit any competitions as well as having no close substitutes. There are many reasons that cause the formation of Monopolists. Barriers to enter or exit discourages new firms to enter the market (patent rights creates a right to sell that product‚ abnormal profit‚ predatory pricing‚ raw material ownership‚ high fixed
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Double Taxation Double Taxation: Depending on what special rights and restrictions are attached to the shares‚ and how the profits of the corporation are paid out to the shareholders‚ there is the possibility of double taxation: the corporation must pay taxes on its profits and the shareholder may be subject to taxation on the profits paid out. This can result in greater taxation than if a corporation was not used for the business. C corporations pay taxes on profits when corporate income is distributed
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unimportant. It will lead to less contribution and discouragement from accessing their strong qualities. Contribution factor becomes the focus of the individuals – some feeling they are carrying the team‚ others resenting those who are taking charge. Relationships and communication worsens. Different types of teams in the workplace There are many types of teams that have become commonplace in organizations. Building teamwork is key across different organizations‚ it is important to tackle challenges early
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6 main disadvantages of decentralisation (1) The success of decentralization will depend upon the quality of personnel manning the decentralized units. In those cases where the training‚ experience‚ education etc of the employees are inadequate‚ decentralisation of authority and of decision making would be harmful for the enterprise. There will be wrong decisions‚ confusion‚ contradictions etc. (2) Decentralisation becomes uneconomic and unwieldy unless the organisation is large and strong enough
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order to get up-to-date‚ people tend to change their mobile phones once in a while. These became habits among the mobile phone users causing them to spend unnecessary cost on mobile bills and costs. Cyber bullying is also another issue among the disadvantages of mobile phones. Cyber bullying is a bullying act using offensive words and behavior via online chatting‚ emails or SMS text messages. It was showed that the psychological effects of cyber bullying are much severe that face-to-face bullying. This
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The Advantages and Disadvantages of Communicative Language Teaching The Advantages and Disadvantages of Communicative Language Teaching By HAH Introduction The focus of this essay is to highlight the advantages and disadvantages of Communicative Language Teaching (CLT). In doing so‚ it is important to first clarify the meaning of CLT and it’s place in the ongoing history of language teaching methodology. CLT is generally accepted as the most recognized‚ contemporary approach to language
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ADVANTAGES AND DISADVANTAGES OF USING INTERNET In the history of human mankind‚ the Internet has undoubtedly been the greatest development in the domain of communication industry. Internet has tremendous potentials and a lot to offer in terms of services. However‚ if examined carefully‚ the Internet appears to have not only advantages but also some drawbacks. One good point is that the Internet is a source of information. There is a huge amount of information available on the Internet for just
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Most of these standards go way back to 1960s such as the permissible exposure limits (PELs). Another disadvantage is inspections that are largely viewed as counterproductive. Some of the citations employers are given do not even qualify as violations but are minimal conditions. OSHA authorized trainers to provide instructions to workers pertaining to OSHA
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Disadvantages of Windmills Wind energy is one of the many renewable energy resources that provide cheap and efficient energy. Wind energy comes from wind turbines‚ similar to windmills‚ which use the wind to make electricity. This renewable energy resource is very affordable‚ clean‚ and it can never run out because the wind comes from the sun. But according to Selling the Wind by Michelle Nijhuis‚ “It’s well known that wind turbines kill both birds and bats‚ though exactly how often and why these
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a creative way for companies to exit from non-core businesses. * Companies can gradually separate a business from the rest of the organization‚ and eventually‚ sell it to the other parent company. The Disadvantages of Joint Ventures * It takes time and effort to build the right relationship and partnering with another business can be challenging. * The objectives of the venture are not 100 per cent clear and communicated to everyone involved. * There is an imbalance in levels of expertise
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