of the product‚ (c) type of product sold in the market‚ (d) barriers to new firms entering the market‚ and (e) existence of nonprice competition in the market. A perfectly competitive market is an idealized version of market structure. Three conditions are necessary before a market is considered perfectly competitive. These are: homogenous products‚ existence of many sellers and buyers‚ and perfect factors of production. Society finds these markets desirable for two reasons. The first reason is
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Consumer expenditure Mini Case John Hawksworth “Opinion: Economic Trends - Saved by the consumer?”‚ Accountancy‚ London‚ Mar 2002 (with minor editing) How long can the UK economy buck the global trend just because our consumers keep spending money? Have we avoided the recession that has gripped the US‚ Japan and Germany over the past six to 12 months or are we just postponing the day of reckoning? And are we storing up worse problems for the future as a result of rising household debt levels
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Hasbro‚ Argos‚ and Littlewoods did because of the huge profits and expansion of their companies. However‚ because the larger companies join together‚ the smaller companies end up going out of business due to unfair competition. 3. There are three conditions within an oligopolistic market structure that make it possible for dominant firms to collude; military‚ maintaining global competitiveness‚ and the expansion of new technology. Collusion isn’t cheat proof because there could be other reasons or
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the gross value of output produced in the manufacturing sector and the generation of employment by the small-scale sector is more than five times to that of the large-scale sector. This clearly shows the importance of small-scale industries in the economic development of the country. The small-scale industry have been playing an important role in the growth process of Indian economy since independence in spite of stiff competition from the large sector and not very encouraging support from the government
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SS8H12e Evaluate the importance of new immigrant communities to the growth and economy of Georgia ----------------------- WHAT IS PROFIT? Profit is the amount of money earned after subtracting all of your expenses. The economic system of capitalism involves the production and consumption of goods and services. Making a profit is the ultimate incentive (or reason)
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ROYSTON SERRAO career objective: A CAREER THAT IS CHALLENGING AND INTERESTING. A JOB THAT GIVES ME OPPORTUNITIES TO LEARN AND TO INNOVATE‚ TO TEACH AND TO LEAD OTHERS AND TO FEEL THE SATISFACTION OF SUCCESS IN A DYNAMIC ORGANIZATION THAT VALUES INNOVATION AND PROMISES BRIGHT GROWTH PROSPECTS. personal details: FATHER’S NAME: GASPER SERRAO Mother’s name: Judith Serrao Permanent Address: “Royston villa” Iddya village
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A.B.COIRS‚ S.F.NO.320/9‚ SERIPALAYAM(POST)‚ ANDIPALAYAM VILLAGE‚ POLLACHI TALUK TRADING ACCOUNT FOR THE YEAR ENDED 31.3.2012 ------------------------------------------------------------------------------ PARTICULARS AMOUNT PARTICULARS AMOUNT ------------------------------------------------------------------------------ To OPENING BY SALES Coconut Husk & Fibre 11‚52‚000.00 Coconut Fibre 84
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just like many other people. I’m not much of a coffee drinker myself. I prefer tea. Although for those of you who love drinking coffee on a regular basis‚ you probably would prefer drinking fair trade coffee‚ especially as it ensures fair working conditions and wages for coffee farmers from developing countries. Here are 10 major fair trade coffee labels‚ as well as a description of each. Many of them are organic coffees too. 1. Equal Exchange The secret to the success of Equal Exchange coffe is
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| |Higher 1 | ECONOMICS 8819/01 Paper 1 1 September 2011 3 hours Additional Materials: Answer Paper READ THESE INSTRUCTIONS FIRST Write your name‚ index number and CT class on all the work you hand in. Write in dark blue or black pen on both sides of
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2. Why isn’t money consider a capital in economics? Capital is a physical asset‚ which can be used to produce goods and services. Money is related to capital‚ in that it can be used to purchase capital‚ but it is not itself capital. The distinction is important if you consider that money can be created or destroyed through the expansion or contraction of credit‚ but this does not create or destroy any real capital. Money is capital. Money is the most common form of capital. Raising capital money
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