1. Drives people to work harder and faster
2. Pushes people to improve their skills and knowledge
3. Encourages finding new and better ways of doing things
4. Eliminates unproductive or inefficient competitors
1. Drives people to work harder and faster 2. Pushes people to improve their skills and knowledge 3. Encourages finding new and better ways of doing things 4. Eliminates unproductive or inefficient competitors
There are a lot more than four conditions, but "homogeneous" products (there's no such thing as identical products) are one of the ways you tell if a market is operating under perfect competition.
Productivity goes up whenever more can be produced with the same amount of resources.
productivity is provide a measure to effective and efficient use resources
Imperfect competition differs from perfect competition in several ways. In imperfect competition, there are fewer sellers, products may be differentiated, and firms have some control over prices. In contrast, perfect competition has many sellers offering identical products, with no control over prices.
1. Drives people to work harder and faster 2. Pushes people to improve their skills and knowledge 3. Encourages finding new and better ways of doing things 4. Eliminates unproductive or inefficient competitors
1. Drives people to work harder and faster 2. Pushes people to improve their skills and knowledge 3. Encourages finding new and better ways of doing things 4. Eliminates unproductive or inefficient competitors
Competition, Predator and Prey, symbiosis, and coevolution
Global competition has forced business owners to look for ways to cut costs and improve productivity. In industrial firms, again, automating production processes are a way to help reach their goal.
There are a lot more than four conditions, but "homogeneous" products (there's no such thing as identical products) are one of the ways you tell if a market is operating under perfect competition.
The internet has change the management process in so many ways and has made it better to a large extent. Through the internet, virtual management has become possible which increases productivity.
Productivity goes up whenever more can be produced with the same amount of resources.
productivity is provide a measure to effective and efficient use resources
it is usefull to an IT student due to the following reasons:- 1. It increases on productivity 2. It improves on quality 3. It is inovating 4. It improves on customer service
Imperfect competition differs from perfect competition in several ways. In imperfect competition, there are fewer sellers, products may be differentiated, and firms have some control over prices. In contrast, perfect competition has many sellers offering identical products, with no control over prices.
Ways to eliminate the competition in the late 1800s was jerking off.
Four Ways to Forgiveness was created in 1995.