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The name for the rivalry among buyers and sellers in the purchase and sale of resources is called?
The rivalry among buyers and sellers in the purchase and sale of resources is called "market competition." This competition drives pricing, quality, and innovation as buyers seek the best deals while sellers aim to attract customers. It plays a crucial role in determining how resources are allocated in an economy. Overall, market competition helps to enhance efficiency and consumer choice.
Name three types of market systems?
three types of market systems Perfect competition- this is when there are many buyers and sellers for a particular product, the product is simmilar looking. the cost of investment is small and the product is easy to produce (ie: farming and agricultural products) Monopoly-there is a single seller with no close substitutes, and there is lots of control over the goods price (ie: and electrical company) Oligopoly-this market system is dominated by a few sellers. the products are high cost investments causing difficulties for new companies to join. the products are identical or slightly different (usually advertisements set the differences)(ie: Airlines)
Name and explain two reasons why changes in supply occur?
There are several ways in which changes in supply occur. They include Technology, Cost of in-puts, productivity, number of sellers in the market, expectations of sellers government taxes or subsidies, government regulation, and production possibilities.
What is the name for Everyday speech that varies from place to place?
Jargon, patois, or dialect. Also this does not belong in the business and economics section.
How are exploitation in market taking place?
Exploitation in market take place by some reason... 1>ceating the costumer by taking high price from them then actual price 2>they sell low quality goods by the name ,fame of branded company
Why do companies have a name?
To identify them to other traders, buyers, sellers and the world of commerces. Much like we name our selves.
What happens during a reverse auction?
In a reverse auction sellers are in competition to obtain the buyers business. The name reverse auction is apt because the role of buyers and sellers is reversed and instead of prices escalating, the prices generally go lower as sellers compete for the buyer's business.
What is the birth name of Austin Sellers?
Austin Sellers's birth name is Ausin K. Sellers.
What is the birth name of Piers Sellers?
Piers Sellers's birth name is Piers John Sellers.
What is the birth name of Ron Sellers?
Ron Sellers's birth name is Ronald Franklin Sellers.
What is the birth name of Sarah Sellers?
Sarah Sellers's birth name is Sarah Jane Sellers.
What is the birth name of William Sellers?
William Sellers's birth name is William Frederick Sellers.
What is a name of the place on a solid where to faces meet?
an edge
What is the name of the place where two roads meet?
it means juncture
What is the name of the place on a solid where two faces meet?
an edge
What is the name of the place on solid where two places meet?
an edge
What is the name of the place on a solid wheretwo faces meet?
An edge.
