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Explain each of the practices monopoly Trust Laissez-faire Corporation And child labor?
Wiki User
∙ 9y ago
The laissez-faire style is sometimes described as a "hands off" leadership style because the leader delegates the tasks to their followers while providing little or no direction to the followers while child labour refers to the employment of children in any work that deprives children of their childhood, interferes with their ability to attend regular school.
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∙ 9y ago
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Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profits?
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profit
Explain the disadvantages of a monopoly?
The person who holds the monopoly will have the option to control the situation to his own advantages & will have unfair advantage over others. This results in unfair competition. One of the solutions to this is granting limited monopoly to encourage creativity like Patents, designs, copyrights etc. The person who holds the monopoly will have the option to control the situation to his own advantages & will have unfair advantage over others. This results in unfair competition. One of the solutions to this is granting limited monopoly to encourage creativity like Patents, designs, copyrights etc.First, monopolies cause reduction of the quality of the products. In fact, the company that has a monopoly will buy the cheap primary materials to reduce the total cost of the products.Second, monopoly causes a reduction satisfaction of the customers. Because there is only one provider or producer, the customers have no choices and they are coerced to buy this product when they need it.Third, monopoly causes increased prices. Because there is only one company can provide or produce the product, the company can increase its prices to make the highest profit.Fourth, monopoly may cause many disadvantages for the employees of the company that has a monopoly. Actually, company can decrease the salaries for its employees because it wants to reduce its total cost.In conclusion, decreasing the qualities of the goods, decreasing the gratification of the consumers, uprising the prices and decreasing the advantages of the employees in the companies that have monopoly are the main negative effects of the monopoly.customer exploitationhigh pricesLower quality
Explain price determination under monopolistic competition?
My heartfelt apologies, I don't mean to be rude. But, is this a loaded question? If it is a monopoly, there's no competition. Therefore you can determine the price any way you want. {eijgniy: hey there is such a market called monopolistic competition.
Why is it that the monopolist can control the price but cannot control the market explain?
A monopoly is when only one firm produces a given product. In the absence of any competition, they can set whatever price they desire for it, since the customer can not get the product anywhere else. However, they can not control the market. If nobody wants to buy the product, then it does not matter how much or how little it costs, nobody will buy it anyway. Likewise, while a monopoly will never lose sales to lower-priced competition, they can price consumers out of the market by making the price so high that the customer can't afford it or won't pay for it.
A poultry farmer want to increase production explain three management practices to increase the yields?
Farmers who want to improve their poultry yields will have to receive proper training in poultry rearing, clean and disinfect the poultry house on a weekly basis and vaccinate their birds on a regular basis.
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profits?
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profit
Briefly explain on SADC customer corporation and protocol and WTO customer valuation and agreement?
briefly explain on SADC customer corporation and protocal and WTO customers valuation and agreement?
explain and discuss censorship practices other than the closure of media?
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Identify the beliefs and practices that are related to science and technology?
2) Identify beliefs and practices that related to science and technology 3) explain the ifluence
How do practices that equality and inclusion reduce the likelihood of discrimination in a school setting?
Practices that promote equality and inclusion in a school setting help create a culture where diversity is valued and everyone is treated fairly and respectfully. This can help foster understanding, empathy, and a sense of belonging among students and staff, which in turn reduces the likelihood of discrimination and promotes a more positive and inclusive environment for all.
What is a monopoly and explain the benefits to owning a monopoly?
A monopoly is when you own/dominate an industry.eventually you will be so powerful you will either buy out competitors or run them out of business.After you do that you are the only person that is able to provide your services.So since you are the only one standing you can name your price and the customer will have to pay you.no one else just you.NOTE:it is now illegal to own a monopoly
What are stories that originate in an oral tradition that explain natural phenomena or cultural practices known as?
Myths
Stories that originate in an oral tradition and that explain natural phenomena and cultural practices are known as?
myths
What has the author Charles J Mullaly written?
Charles J. Mullaly has written: 'Could you explain Catholic practices?' -- subject(s): Catholic Church, Customs and practices
Explain why stalinism lingered in Czechoslovakia?
stalinism is a monopoly power party as the communist party having the powers to enforce its policies and beliefs of stalin.
What is a myth?
A tale that uses supernatural themes to explain the practices of a particular cultureA story with great explanatory and cultural value to a society
What is cultural relativism's how can we our respect for other's cultural values and practices?
discuss and explain the significance of understanding culture its elements, characteristics, and components?
