Immediate rivals, potential entrants, customers, suppliers and substitute products are the five aspects that are used to evaluate competition.
<u>Explanation</u>:
Porter's Five Forces is a framework or tool for analyzing the competitive environment of the company. The profit of the company is influenced by company's competitors, potential new market entrants, suppliers, customers and substitute products.
Michael Eugene Porter- a famous economist of America postulated Porter’s Five Forces. This tool helps in determining the competition intense of the company. The position of the company can be affected with the new entry of rivals in the same market. The company should be able to possess strong and durable barriers to withhold its position.
Explanation:
Point-wise explanation is given below:
i) The anti-defection law was introduced to curb the growing trend of elected representatives who changed political parties to become ministers or to get cash rewards.
ii) The affidavit requirement was an order passed by the Supreme Court as a measure to curb the challenge of money and muscle power.
iii) The third reform measure was made by the Election Commission where for all political parties it was mandatory to hold regular elections and also file their income tax returns.
<u><em>Besides these, many suggestions are often made to reform political parties:</em></u>
iv) It should be made mandatory for political parties to give a minimum number of tickets, about one-third, to women candidates. Similarly, there should be a quota for women in the decision-making bodies of the party.
v) There should be state funding of elections. The government should give parties money to support their election expenses. This support could be given in kind: petrol, paper, telephone etc. Or it could be given in cash on the basis of the votes secured by the party in the last election.
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It was more that each nation was pressuring the US to stop trading. All Banks are connected in some way, that's why the panic of 1825 happened. however because each nation pressured the US to halt trade, they stopped trading with the US. Very apparent during the Napoleonic Wars. Even though Jefferson was pro France
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