An example of a natural monopoly industry operating in South Africa include "Eskom".
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What is natural monopoly?</h3>
A natural monopoly occurs when there is an instance in which it is economically viable and better for a single entity to be in full and sole control of the production of a product or service.
Moreover, a natural monopoly is the fact that natural monopolies have extreme economies of scale. It can only start to become profitable when one single firm is able to service the majority of the market.
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Answer:
Preferred stock shares the combined characteristics of common stock and bonds.
The cash flows associated with preferred stock are recorded in the financing activity section of the statement of cash flows. The first is the receipt of cash (cash inflow) when preferred stock shares are issued. The second is the payment of preferred stock dividends (cash outflow).
Explanation:
The characteristics of common stock shared by preferred stock are there is no fixed maturity date, no repayment of initial investment, preferred dividends do not force the company into bankruptcy, and dividends are not deductible for tax purposes. The characteristics of bonds that preferred stock shares are fixed interest rate, preferential treatment in liquidation and in the payment of dividends, and non-participation in the residual profits.
Customer service is giving assistance to customers on how to best use the product, trouble-shooting any issues, and ensuring they had a great buying experience. Customer care means how well customers are taken care of while they interact with the brand.
Answer: See explanation
Explanation:
Absolute advantage simply means when an economic entity such as individuals or the firms can produce a particular good more efficiently than others who produce similar good. In this case, a larger quantity is produced when compared to others.
Comparative advantage is when an economic agent can actually produce goods at an opportunity cost that's lower than the opportunity cost of its competitors. Due to this, such economic agent can sell its good at a cheaper price than others and therefore make more revenue.
Answer:
Free youngboy
Explanation:
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