"Sewage treatment" would be the best example of a natural monopoly, since it is far more efficient and beneficial for society to have a single company operate this type of business.
The 2008 recession/financial crises one of the worst of its kind in a generation. Major economies including the United States and the UK suffered a period of recession, consistent low-growth, rising unemployment and many businesses closing down.
A 10-member committee called the Financial Crisis Inquiry Commission was setup by the US government to study the causes of the recession, in the hopes that a future similar crisis could be prevented.
In 2011, the committee released their findings and pointed out the two major reasons for the crisis:
1. The basic reason for the crises as the Collapse of the housing market.
2. Which in turn was fueled by toxic mortgages, low-interest and easy credit available to everyone and minimal regulation.
The report also pointed out vast problems of corporate governance, lack of government will and unpreparedness.
Answer:
C. Saudi Arabia.
Explanation:
Saudi Arabia is an hereditary, absolute monarchy. It´s ruled by the Al Saud family. The king is the head of state. The king performs executive, legislative and judicial functions. The monarchy is extremely powerful and citizens have very little rights. The political system is often critized by international human rights organizations for not granting all rights established by international conventions to its citizens.
