There are two necessities for an industry to be competitive, first for an industry to be competitive, the industry must have numerous producers that does not have a large market share, second, an industry can be considered competitive if its consumers regard the products of the producers as equivalent.
You can go Klondike only by the Yukon River, you can choose
upstream from its delta, downstream from its head, or from somewhere in the
middle through its tributaries. While it’s difficult to get to California;
forty-niners faced hardship and often death on the way. At first, most
Argonauts, as they were also known, travelled by sea. In the East Coast, they
sail around the tip of South America would take five to eight months and cover
some 33,000 kilometres and another way was to sail to the Atlantic side of the
Isthmus of Panama, take canoes and mules for a week through the jungle, and
then on the Pacific side, wait for a ship sailing for San Francisco. There was
also a way across Mexico it begins at Veracruz.
A major difference was that Roosevelt felt that the government spending to help people who were in economic trouble, was much more acceptable than Hoover thought it was. Hoover believed in the idea of "rugged individualism" in which people are largely responsible for their own welfare.
Tariff is a tax on goods leaving or entering the country
