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Gold farms primarily focus on the production of in-game currency or items through online gaming, often employing individuals to play games for long hours to generate revenue. In contrast, traditional sweatshops typically involve manufacturing goods under harsh conditions, with workers often facing poor wages and unsafe environments. While both exploit labor for profit, gold farms operate in a virtual space, leveraging digital economies, whereas sweatshops are rooted in physical labor and tangible products. Additionally, the nature of the work in gold farming is often more flexible and can be done remotely compared to the rigid and hazardous conditions of sweatshops.

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2mo ago

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Does gold belong to monopolistic competition?

Yes gold does belong to monopolistic competition. The main feature of monopolistic competition is product differentiation which is quite prevalent in the gold market. The gold sold by different shops is different and they charge different prices for it for the same weight. Selling costsalso become prevalent. We see many advertisements and attractive posters for different shops selling gold. The costsincurred for these ads are called selling costs. These are vital to the concerned shops as they attract more customers even though actually they haven't changed the price of gold as such. Also there are quite a few shops selling gold so there is a large number of buyers and sellers. All these factors combined make me confidently say that the gold market is a monopolistic competition.


How does 1 gram of gold increase in value?

The value of gold is different each day; to follow the prices see the link below.


What feature would most likely included in an economic system based on traditional agriculture and self-sufficiency?

Barter


How much will you get if you sell your scrap gold?

That depends on the buyer. There are many different companies that buy gold, and many people who privately buy gold. There is also no set price of gold as the market for gold is growing, increasing the price of gold. If I were you, I would check the price of gold before selling to make sure you don't get scammed. Not only does it depend on the buyer, but the quality, the size, the worth.


How come you see so many different prices for a ounce of gold?

because of how many karats of gold like 24 karats is very expensive and 12 karats is cheaper

Related Questions

What makes the color of a rose gold ring different from a traditional gold ring?

Colored gold, like rose gold is created by alloying gold with other elements. For rose gold, copper is generally used as the other element. Sometimes zinc is also added to the alloy.


Why did farmers leave their farms in the Australian gold rush?

Who wants to be a farmer and battle the dingoes, when you can find GOLD!


How were people who lived on farms or in rulal areas affected by the goldrush?

How were people who lived on farms or in a rural areas affected by the gold rush


What is the traditional name for aurous phosphide?

The traditional name for aurous phosphide is gold phosphide.


What color is traditional for 100 year birthday?

gold


Is there a traditional style of wedding ring?

The most common wedding ring is a plain gold band. Styles vary widely on other rings, from different metals to stones and more. Engagement rings traditionally are a gold band with a solitaire diamond.


Would the commercial farms have developed in California without the gold rush why?

they woul not have becuase they would loose buissness


What would happen if today was a gold rush?

if today was a gold rush people would leave there jobs farms nad there would be more population in the gold fields when Australia doesn't need a gold rush because many people have jobs


How are silver and gold different?

Gold & Silver are different because they have different numbers of protons and electrons in their atoms.


What year did colonists in new Spain hope to gain wealth from farms businesses and gold and silver mines?

To have sex with the aztecs


What do Hindu waman were?

Hindu women usually wear traditional clothes. Such as sari & kurtas, with traditional ornaments made of gold.


How do you get gold and food on Stronghold Crusader?

To get gold raise taxes or sell things at a Market. If you raise taxes the peasants happyness will be negatively affected. For food, just plave Farms and a Granary.