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Why are nations with centrally planned economies sometimes slow to succeed when they privatize?
they lack experience running profitable firms, are often corrupt and have sociopolitical agendas that conflict with efficient operations
Why are nations with centrally planned economies sometimes slow to succeed when they privatize industry?
they lack experience running profitable firms, are often corrupt and have sociopolitical agendas that conflict with efficient operations
When a market is dominated by a few large profitable firms it is considered to be a?
oligopoly
At the most profitable level of production a firms marginal cost will be the market price?
equal to
How did reformers try to make businesses more efficient and profitable?
scientific management
Why are nations with centrally planned economies slow to succeed when they privatize industry?
they lack experience running profitable firms, are often corrupt and have sociopolitical agendas that conflict with efficient operations
Why are nations with centrally planned economies sometimes slow to succeed when they privatize?
they lack experience running profitable firms, are often corrupt and have sociopolitical agendas that conflict with efficient operations
Why are nations with centrally planned economies sometimes slow to succeed when they privatize industry?
they lack experience running profitable firms, are often corrupt and have sociopolitical agendas that conflict with efficient operations
When a market is dominated by a few large profitable firms it is considered to be a?
oligopoly
A profitable company is not necessarily a solvent company?
A profitable company is not necessarily a solvent company. Being solvent means that company is able to cover its liabilities and this does not translate to profitability.
Not making profitable or efficient use of resources?
We Think it is Uneconomic
At the most profitable level of production a firms marginal cost will be the market price?
equal to
How did reformers try to make business more efficient profitable?
scientific management
How did reformers try to make businesses more efficient and profitable?
scientific management
What is the importance of scale of preference to firms?
the importance of scale of preference to firms is right choices of goods to produce an efficient utilization of resources
Can you name three most profitable businesses in UK in the last 2 years?
Pornography, banking (Investment), law firms
Which is most profitable small scale industry?
The most profitable small scale industry will vary from one region to another. Some of the common small scale businesses that are quite profitable include stationeries, export business, law firms, accounting services and health specialists.
