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Small firms have alot of benefits, some are here:
- Small firms don't need to heir a huge staff for running enterprise.
- Small firms bear minor loses as compared to big firms.
- Small firms are easy to control, an owner an all staff can do work efficiently.
- Entrepreneures start their business with small firms, which grows gradually and changed into a big firm.
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What are the advatages of mining?
The main advantage is that it supplies raw materials that are needed to build and maintain modern industries and economies and also for job creation for that paricular country.
Why some markets are dominated by large firms and others markets by small firms?
There are several different types of markets of firms. They go from a monoply (a firm which has 25% or more share of a market according to UK government) to oligopoly (a few large firms dominating the market) to monopolistic competition (many small firms in the market selling similar goods by differentiated to others by brands etc) and then perfect competition (lots of small firms selling exactly the same goods (carrot farmers etc.). Some are dominated by large firms for different reasons, the main one being a natural monopoly which is where the barriers to entry are very high (high set up costs etc) for example National Rail. It would be very expensive to lay down new railway tracks all around the country etc. Hope that help!
What main advantages did the African American slave enjoyed during reconstruction?
African American slaves enjoyed a period when they were allowed to vote. :-)
Sample essay public speaking- the advatages of using herbs in cooking?
Do your research about the herbs you would use in cooking. Have some main talking points ready for the speech.
What is the main reason that firms eventually encounter diseconomies of scale as they keep increasing the size of their store or factory?
Firms have difficulty coordinating production.
What is the one main difference between a monopoly and an oligopoly?
Firms in oligopoly can set prices to a degree but must consider other firms' decisions.
What food did the klickitat's eat?
they enjoyed caesar salad, a main course of taco soup, and for dessert, they enjoyed a heart helping on nutella on graham crackers
What are the firms main moral duty to its employees?
To give the employee a fair and good salaries
What are the main reasons that firms adjust their output when the price level change?
stillwagon everybody.
What are the three main types of firms in a mixed economy?
public undertaken join sector private undertaken
What were some of new yorks main cities and ports?
New York Harbor was one of them. Hope you enjoyed.
What are the characteristics of an oligopoly?
There are three main characteristics of oligopoly. They are industry dominated by a small number of large firms, the firms sell identical or similar products, and the industry has significant barriers to enter.
