The main type of Insurance company includes:
- General insurance company
- Life insurance company
- Reinsurance company
<h3>What is the role of
Insurance company?</h3>
These are financial institution that provide insurance covers to intending policyholders.
Therefore, the main type of Insurance company includes general insurance company, Life insurance company and Reinsurance company.
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Included in the GDP of the Canada.: Honda assembly and sale of cars in the U.S
<h3>What is
GDP?</h3>
Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced by countries in a given time period. Because of its complex and subjective nature, this metric is frequently revised before it can be considered a reliable indicator.
Consumption, investment, government spending, exports, and imports are the components of GDP calculated using the expenditures approach.
From 1996 to 2022, India's GDP Growth Rate averaged 1.63 percent, with a high of 24.80 percent in the third quarter of 2020 and a low of -24.20 percent in the second quarter of 2020.
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Answer:
The statement is true. Because they can control product price, monopolists are always assured of profitable production by simply charging the highest price consumers will pay.
Explanation:
In economics, a monopoly is a term that describes an industry or other economic sector where control rests with one supplier as that supplier is the only one supplying the market. In theory, that means total control or "complete monopoly" but in practice most monopolies today are "quasi-monopolies", with a supplier dominating the market almost completely but with the space for a few small companies as well. The monopolist can get a high price for his product by limiting market supply so that the supply of goods is less than the demand for it.
The answer to your question is A
