Economists call the things that firms sell which cannot be touched or seen goods and services.
Goods
Economists call the things that firms sell which cannot be touched or seen goods and services.
Economists regard imperfect competition because it allows firms to be less efficient producers.
the four largest firms produce at least 70 to 80 % of the output
When economists say firms are searching for a new equilibrium, they refer to the process by which companies adjust their operations, pricing, and strategies in response to changes in market conditions, demand, or external shocks. This search involves finding a balance where supply meets demand, allowing firms to maximize profits while responding to competitive pressures. The new equilibrium reflects a stable state where firms effectively allocate resources and adapt to the evolving economic landscape.
Economists call the things that firms sell which cannot be touched or seen goods and services.
Economists call the things that firms sell which cannot be touched or seen goods and services.
Products.
Economists call the things that firms sell which cannot be touched or seen goods and services.
Economists call the things that firms sell which cannot be touched or seen goods and services.
because economics called it active
because economics called it active
because economics called it active
Goods
Economists call the things that firms sell which cannot be touched or seen goods and services.
Intangibles
Business economists work in such areas as manufacturing, mining, transportation, communications, banking, insurance, retailing, private industry, securities and investment firms, management consulting firms, and economic and market research firms,