0
What else can I help you with?
When one person or company controls all of one industry you call it a?
When one person or company controls all of one industry, it is called a monopoly. In a monopoly, the single entity has significant power over pricing, supply, and market dynamics, often leading to reduced competition. This can result in higher prices and fewer choices for consumers. Monopolies are typically regulated or challenged by governments to promote fair competition.
When one person or company controls all of one industry you call it a what?
When one person or company controls all of an industry, it is called a monopoly. In a monopoly, the single entity has significant power over pricing, production, and supply, often leading to reduced competition and innovation. Monopolies can be regulated or broken up by governments to promote fair competition and protect consumers.
When the market does not result in an efficient allocation of scarce resources economists call this?
market failer
What did Adam smith call the combination of selfinterest and competition that guides the market place?
Adam Smith referred to the combination of self-interest and competition that guides the marketplace as the "invisible hand." This metaphor describes how individuals pursuing their own economic interests inadvertently contribute to the overall good of society, as their actions lead to the efficient allocation of resources. The invisible hand suggests that market forces naturally regulate supply and demand, promoting economic prosperity without the need for central planning.
What do you call the amount a consumer pays for an item?
The amount a consumer pays for an item is called the "price." This price can be influenced by various factors, including supply and demand, production costs, and market competition. Additionally, the final price may include taxes, discounts, or shipping fees, depending on the transaction.
When one person or company controls all of one industry you call it a?
When one person or company controls all of one industry, it is called a monopoly. In a monopoly, the single entity has significant power over pricing, supply, and market dynamics, often leading to reduced competition. This can result in higher prices and fewer choices for consumers. Monopolies are typically regulated or challenged by governments to promote fair competition.
How Do I Discover Exactly What The Prevailing Cost Is For Any Service Business In Market?
One of the ways is to call rivals and ask the prices. Their prices provide you with a lead. You can request competitors' clients for the similar information if you did not wish to go straight to the competition.
When one person or company controls all of one industry you call it a what?
When one person or company controls all of an industry, it is called a monopoly. In a monopoly, the single entity has significant power over pricing, production, and supply, often leading to reduced competition and innovation. Monopolies can be regulated or broken up by governments to promote fair competition and protect consumers.
How do you say swimming competition?
Many people call it different things. Some people call it a swim meet. Others call them a swimming competition.
Where can I find do not call-registry tutorials?
Do not call registry is only for companies that are attempting to market a service using a broad range of numbers. The do not call registry will not block companies you have contacted first for business purposes.
What are the controls on call of duty world at war on PC?
Why don't you check the controls menu
What are the controls for call of duty world at war on the PC?
Why don't you check the controls menu
I got call of duty finest hour but no booklet can anyone tell me the Call of duty xbox controls?
You can go into the menu hit somthing like "options'' or ''setting'' and you can hit ''game controls'' or ''controls''
What do you call a business that owns a market and has no competitors?
Monopolies. Legal ones. The Electric company, The Gas company, etc. Also a patent can be an influence a market owned and offering a service or product that no one else does. ForresterCA
What was the original use of a PBX?
PBX private branch exchange is a telephone system that serve as an office for the business. Business transaction and call handling is hosted by PBX system. PBX was innovated as a replacement for switchboard telephone operators. A PBX system controls and manages incoming and outgoing calls for a business.
Why did people in medieval Europe need permission from the king to have a market or business?
Medieval people did not need permission to have a business. The market we read about that needed a charter was not an individual business, but what we might call a market place, a large area with stalls and shops for many merchants. Markets differed from fairs. Fairs were temporary, but markets were permanent places where many merchants did business. Originally, cities had markets, and the countryside was served by temporary fairs. There were parts of the countryside that were rather far from cities, and the kings encouraged economic growth in these areas by designating certain villages to have markets, issuing decrees that they were market towns. The people who worked in markets were not interested in having competition from other nearby markets. Kings also wanted the markets to be economically healthy, and were easily persuaded to limit the numbers of markets, so they were not too near each other. So a market required a royal charter, to protect the existing markets.
What do you call the driver of the helicopter?
The pilot controls a helicopter.
