The two regulating force in the marketplace are the law of demand and the law of supply. The law of demand is all about the fact that when there is higher price of goods and services, less people buy the goods and services and vice versa. While the law of supply is all about the higher the price of the goods and services, the higher the supply by manufacturers and vice versa.
One of the factors affecting supply is the numbers of competitors producing or offering the same goods and services. Just like the question, ''When the number of companies producing an item increases the price of the item will be LESS than before'' which means that MORE people people will buy the item because its cheaper.
Also people with LESS INCOME will buy the item because it is cheaper.
Explain As you know, the Earth performs one full rotation (360°) every 24 hours. Thus, it rotates 15° every hour. In other words, Local Noon at two geographical locations which are separated by a longitudinal difference of 15° occurs with a time difference of 1 hour.ation:
Answer:\The Israeli government controls most activities related to agriculture. • In the past century, Turkey’s government has really helped its economy to grow. • After World War I, the government invested heavily in Turkey’s weapons and steel industries.
