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What do economists call the physical things that firms make things that can be seen or touched?
Economists call the things that firms sell which cannot be touched or seen goods and services.
What do economists call the things that firms sell that you cannot touched or seen?
Goods
Other things equal which reduces competition in an industry?
freedom of entry for new firms
What is the relationship between the number of firms and influence over price?
The relationship between the number of firms in a market and their influence over price is inversely proportional. In perfectly competitive markets, a larger number of firms leads to greater competition, which typically drives prices down as firms cannot set prices above market equilibrium. Conversely, in markets with fewer firms or monopolies, firms have more power to influence or set prices, often leading to higher prices for consumers. Thus, as the number of firms increases, their individual influence over pricing diminishes.
Why are collusions and cartels unstable in the long run?
When cartels are created, usually in oligopolistic industries, few firms make agreements on things such as production and prices. This ensures that the few firms in the cartel have economic profit and will eventually drive off weaker firms. This usually results in monopolistic behaviors for the remaining firms and eventually the prices catch up to the consumer. Cartels tend to arise in markets where there are few firms and each firm has a signeficant share in the market.
What do Economist call the physical things that firms make things that can be seen or touched?
Economists call the things that firms sell which cannot be touched or seen goods and services.
What do economist call the physical things that firms make ( things that can be seen or touched )?
Economists call the things that firms sell which cannot be touched or seen goods and services.
What do economists call the physical things that firms make things that can be seen or touched?
Economists call the things that firms sell which cannot be touched or seen goods and services.
What do economists call the physical things that firms make ( things that can be seen or touched)?
Economists call the things that firms sell which cannot be touched or seen goods and services.
What do economists call the physical thing's that firms make (things that can be seen or touched )?
Economists call the things that firms sell which cannot be touched or seen goods and services.
What do economists call the things that firms sell that you cannot touched or seen?
Goods
What do economists call the things that firms sell witch cannot be touched or seen?
Intangibles
What do economists call the physical things that firms make (things that can be seen or touched )?
Products.
What do economists call the physical things that firms make things that can be touched?
because economics called it active
What do economists call the physical things that firms make (things that can be seen or touched)?
because economics called it active
What do economists call The Physical Things Firms Make Things That Can Be Seen Or Touched?
because economics called it active
What is the relevance of Indian accounting standards in IT firms?
The relevance of Indian accounting standards in IT firms is that it helps in business computations. This will be used to measure the profits of IT firms and keep proper records among other things.
