Answer:
Competition
Explanation:
In the capitalistic economy, COMPETITION ensures that a firm will survive only if it serves its customers well by providing products and services that meet their needs.
Hence, Competition is a favorable concept for business because it stimulates the improvement and growth of new and decent commodities in the markets.
To consumers, competition is good because it normally leads to better service and lower the costs or prices of commodities.
Missing Part of Question:
The question was missing information. Luckily, I found the question on the internet and I am attaching it here for ease of understanding.
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Answer:</h2>
In the order of the functions:
1. Bretton Woods Institutions
2. UN
3. GATT
4. WTO
5. GTO or G20
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Explanation:</h2>
1. The Bretton Woods Institutions are the World Bank and the International Monetary Fund (IMF).
2. The United Nations is an intergovernmental organization with an objective of maintaining international peace and security.
3. The General Agreement on Tariffs and Trade (GATT) is a treaty between many countries. Its aim is to promote international trade by reducing or eliminating trade barriers like quotas or tariffs.
4. The World Trade Organization is also an intergovernmental organization. Its function is the regulation of international trade among nations.
5. The G20 (i.e. The Group of 20) is an international forum for the governments and central bank governors consisting of 19 countries and the European Union (EU). It focuses on the promotion of international financial stability.
The answer for this question would be option A. It is important to research a school’s curriculum before deciding whether to go there in order to see <span>if it offers programs that fit your career goals. The curriculum serves as your guide on the programs that you are taking. Hope this answers your question. Have a great day.
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Answer: Personal computers must be a normal good.
Explanation:
Normal good is a type of commodity available in a market, in which the commodity's demand increases as income of the buyers increase. The normal goods posses a positive income elasticity of demand(where demand is directly proportional to income).
Answer:
To identify and correct errors
Explanation: