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Factors contributing to consistent demand for products with inelastic demand include limited substitutes, necessity, and brand loyalty. Businesses capitalize on this by setting higher prices without losing customers, maximizing profits even with lower production costs.

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How did hoover Coolidge and harding contribute to the prosperity of the 1920s?

They were largely inactive and allowed businesses to grow unregulated.


Ways in which small businesses contribute to the society?

Every business in the environment will contribute to the environment. These businesses will employ people, pay taxes to the government, and sell products or services which may be unavailable or not cost effective for the individual to produce for himself. The small businesses can contribute help to the local community like this:most of the employees will be local, so their earnings will be spent locally.The business will be focusing a certain portion of spending (such as advertising dollars) more locally (because that is where the customers are), which will keep more money in the community.


How do private property rights contribute to a capitalist system?

If there were no private property rights then there could be no private businesses and that would mean that it would not be a capitalist system.


How does a strong network contribute to fostering good economics?

A strong network can contribute to fostering good economics by facilitating communication, collaboration, and resource sharing among individuals and businesses. This can lead to increased opportunities for trade, innovation, and growth, ultimately boosting economic development and prosperity.


What are some examples of entrepreneurship in economics and how do they contribute to economic growth and innovation"?

Entrepreneurship in economics refers to individuals starting and running businesses. Examples include creating a new product, service, or technology. These ventures contribute to economic growth by creating jobs, generating income, and driving innovation.

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Yes, amines contribute a non-polar characteristic to organic molecules because they contain a hydrophobic carbon chain that does not readily interact with water. This makes amines soluble in non-polar solvents and less soluble in water.


What factors contribute to the rapid pace of change in businesses?

A number of technological factors contribute to the rapid pace of change in businesses. Most notable are social media, fax, and internet services.


How did the presidents contribute to the prosperity of the 1920s?

They were largely inactive and allowed businesses to grow unregulated.


What are the characteristic as a person that you can contribute in this company?

i am energetic and organize person. i am honest,hardworking punctual,hyper


How did the presidents above contribute to the prosperity of the 1920?

They were largely inactive and allowed businesses to grow unregulated.


How did the president above contribute to the prosperity of the 1920s?

They were largely inactive and allowed businesses to grow unregulated.


What structural characteristic definition?

These are either measurable or inferred and contribute directly to a description of the organism(s) of interest.


How did hoover Coolidge and harding contribute to the prosperity of the 1920s?

They were largely inactive and allowed businesses to grow unregulated.