According to Adam Smith, "consumption is the sole end and purpose of all production."
Marginal revenue is less than price for a monopolist because in a monopoly market, the monopolist is the sole seller and has the power to set the price. To sell more units, the monopolist must lower the price, which reduces the revenue gained from each additional unit sold. This results in marginal revenue being less than the price.
Export level production is the production of goods and services for the sole purpose of exporting
The colonies' sole purpose was to send raw materials to the "mothercountry" for finishing. Then finished products could be send back to the colonists and countries around the world for them to purchase.
Marketing's sole purpose is to convince consumers that a certain product will add to their overall utility, or satisfaction one gets from a good.
general assembly ;)
The purpose of the sole of a shoe is to provide traction, cushioning, and protection for the foot while walking or running.
eat
Rodney's sole purpose in life was listening to soul music; it did not pay his bills.
Sole proprietors
is to devour dead flesh
the scale of a sole trader just means are they just local are they regional national European or global
They have NO power to create any bill. Revenue bills are created in the House of Representatives only.
The main grievance of the Southern states was tariffs. Although slavery was a factor at the outset of the Civil War, it was not the sole or even primary cause. The tariff of 1828, called the Tariff of Abominations in the South, was the worst exploitation
It's sole purpose was for noting other than to get a laugh.
For the sole purpose of asking questions and having them answered.
Sole purpose was to build a house.