The answers are
Savings accounts become less desirable because interest earned is lower than inflation
Individual purchasing power increases, which results in an increase in demand.
Assuming a firm is selling its output in a purely competitive market, its resource demand curve can be determined by Multiplying marginal product by product price.
A competitive marketplace is a term in economics that refers to a market in which there are a large quantity of customers and sellers and no single customer or seller can have an effect on the marketplace. competitive markets haven't any limitations to entry, plenty of consumers and sellers, and homogeneous products.
Summary. The version to take a look at supply and call for is known as the competitive market version. within the aggressive marketplace, we assume products are homogeneous, and there may be no supplier or purchaser energy.
A free market is a market that has restrained government involvement. marketplace systems can normally be divided into four types. a wonderfully competitive market is one wherein there are a big number of small firms promoting identical products.
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In a case whereby China and india require that when foreign firms enter into joint ventures with local firms, the local partners must have the controlling ownership stake, and this illustrate a Local content law.
<h3>What is Local content law?</h3>
Local content law can be described as the law that measure the local content requirements and they are policies imposed by governments that make the firms to use domestically-manufactured goods.
Hence , in the In a case whereby China and india require that when foreign firms enter into joint ventures with local firms, the local partners must have the controlling ownership stake, and this illustrate a Local content law.
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College education provides an investment in your future earning capacity. By investing resources today, you are assuming that your return on this investment will be paid through your future annual salary. This future annual salary is assumed to be greater than if you chose not to invest your resources in a college education.
