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Why has China experienced substantial economic growth since the late 1970s?
Answer this question… Local governments have been granted more independence when making economic policy.
A purely competitive firm is precluded from making economic profit in the long run because?
it is a price taker
Suppose that the pen-making industry is perfectly competitive. Also suppose that each current firm and any potential firms that might enter the industry all have identical cost curves with minimum AT?
$1.25.
Why is timber industry important to Canada's economy?
The timber industry is crucial to Canada's economy as it significantly contributes to job creation, particularly in rural and northern communities where employment opportunities are limited. It generates substantial export revenue, making Canada one of the world's leading exporters of forest products. Additionally, the industry supports various sectors, including construction and manufacturing, fostering economic growth and innovation. Sustainable forest management practices also align with environmental stewardship, ensuring long-term viability for the industry and the economy.
Is the computer industry an oligopoly?
The computer industry exhibits characteristics of an oligopoly, particularly in sectors like personal computers and operating systems, where a few dominant firms, such as Microsoft, Apple, and Intel, hold significant market share. These companies have substantial resources and influence, making it difficult for new entrants to compete effectively. However, the industry also features a diverse range of smaller players and niche markets, which introduces competitive dynamics. Overall, while there are oligopolistic elements, the landscape is complex and continually evolving.
What types of manufacturing are important in Canada's economy?
There is a large car making industry in Canada, as well as a substantial pulp and paper industry, a lumber industry, a beer industry, a maple syrup industry, etc.
Why has China experienced substantial economic growth since the late 1970s?
Answer this question… Local governments have been granted more independence when making economic policy.
A purely competitive firm is precluded from making economic profit in the long run because?
it is a price taker
What was New Hampshire's main products and industry?
New Hampshire's main products and industry were fishing, farming and making ships. These were the main economic products which they exported.
Suppose that the pen-making industry is perfectly competitive. Also suppose that each current firm and any potential firms that might enter the industry all have identical cost curves with minimum AT?
$1.25.
Why is timber industry important to Canada's economy?
The timber industry is crucial to Canada's economy as it significantly contributes to job creation, particularly in rural and northern communities where employment opportunities are limited. It generates substantial export revenue, making Canada one of the world's leading exporters of forest products. Additionally, the industry supports various sectors, including construction and manufacturing, fostering economic growth and innovation. Sustainable forest management practices also align with environmental stewardship, ensuring long-term viability for the industry and the economy.
What is the economic importance of poultry industry?
Chickens are an important source of nutrition, making it a popular food item in many countries. Thus, chickens can be an important industry within that country.
Which captain of industry is known for making his money in the railroad industry?
The captain of industry known for making his money in the railroad industry is Cornelius Vanderbilt.
Why was model t important?
This was a time of growth in the American economy. The success of Model T showed how much the car industry was progressing. The car industry making immense successes was one of the factors leading to an economic boom.
What has the author John Alexander Guthrie written?
John Alexander Guthrie has written: 'Some economic aspects of the pulp and paper industry' -- subject(s): Wood-pulp industry, Paper-making and trade 'An economic analysis of the pulp and paper industry' -- subject(s): Wood-pulp industry, Papermaking, Paper industry 'County income payments in Washington, 1950-1952' -- subject(s): Income 'Starch, sirup and dextrose sugar from Washington wheat and potatoes' -- subject(s): Industries, Dextrose, Starch industry, Syrups
Which sports did women participate in?
Competitive sandwich making
Why is tourism a smokeless industry?
Industries are the production of services within an economic structure, most of these services produce solid goods which create pollution or smoke. Tourism is referred to as a smokeless industry because as a service industry it is not making or manufacturing an actual product.
