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What else can I help you with?
What are the four conditions in place in a perfectly competitive market?
the economy Major of those four are the natural monopoly. geographic monopoly, govrnement monopoly. technological monopoly.
What are the circumstances under which a perfectly competitive market may prevail in any economy?
There cannot be any external forces affecting the competition. Forces like govt. regulations, shipping expenses, etc.
How price are determined in a competitive market?
based on economy
Which of these is closest to a pure command economy?
communism
Advantages of tourism in mauritius?
Tourism is a very important sector in Mauritius. Tourism generates a lot of jobs, both direct and indirect, to the local people. This helps people to enjoy a higher standard of living and also to satisfy their needs and wants. All the businesses in this sector such as hotels, nightclubs, restaurants, operators and others provide revenues to the government in form of taxes. Tourism also brings foreign currencies in the economy and this facilitates imports and exports. Due to the tourism sector, many multinationals are willing to invest in Mauritius, thus bringing additional capital in the local economy and creating more jobs. In these ways, tourism is very important for the local economy.
What are the four conditions in place in a perfectly competitive market?
the economy Major of those four are the natural monopoly. geographic monopoly, govrnement monopoly. technological monopoly.
What are the circumstances under which a perfectly competitive market may prevail in any economy?
There cannot be any external forces affecting the competition. Forces like govt. regulations, shipping expenses, etc.
What type of economy mauritius have?
Mauritius has a mixed economy characterized by a combination of agriculture, manufacturing, and services. The country has transitioned from an agrarian economy, primarily reliant on sugar production, to a more diversified economy that includes tourism, textiles, and financial services. The government actively promotes investment and trade, contributing to stable economic growth. Additionally, Mauritius is known for its political stability and favorable business environment, making it an attractive destination for foreign investors.
How price are determined in a competitive market?
based on economy
Which of these is closest to a pure command economy?
communism
Advantages of tourism in mauritius?
Tourism is a very important sector in Mauritius. Tourism generates a lot of jobs, both direct and indirect, to the local people. This helps people to enjoy a higher standard of living and also to satisfy their needs and wants. All the businesses in this sector such as hotels, nightclubs, restaurants, operators and others provide revenues to the government in form of taxes. Tourism also brings foreign currencies in the economy and this facilitates imports and exports. Due to the tourism sector, many multinationals are willing to invest in Mauritius, thus bringing additional capital in the local economy and creating more jobs. In these ways, tourism is very important for the local economy.
What is a monopoly produces in perfectly competitive market?
In a perfectly competitive market, a monopoly would produce at a level where marginal cost equals marginal revenue, but unlike in perfect competition, it would restrict output to maximize profits. This results in higher prices and lower quantities than would occur in a competitive market, where many firms produce the same product and prices are driven down to marginal cost. Consequently, a monopoly typically leads to inefficiencies and a welfare loss in the economy, as consumer surplus is reduced and producer surplus increases.
Disadvantages of tourism in mauritius?
Mauritius, known for sapphire waters and white, sandy beaches thrives on tourism. Tourism keeps the economy on this island strong. Tourism also has a positive impact on the preservation of native plants and animals, along with their habitats.
How does urbanization and competitive global economy lead to deforestation?
The urbanization and competitive global is what raises the labor cost. This is for farmers.
Which economy is the closest economy to us economy?
China. China's GDP is 13 trillion whereas the US' GDP is 18 trillion
What form of government is closest to a pure market economy?
capitalism
What country is closest to a market economy?
brooooo i got noe clue
