The correct answer is C.
A natural monopoly is a market situation in which a single firm serves the whole market, therefore it is the only producer of a certain good or service, due to the fact that there exist some natural conditions which establish huge barriers for new competitors entering in the market, in the sense of extremely large fixed costs.
In such a case there is no market competition, therefore the monopoly can decide on the quantity supplied and on the price of the products (usually establishing a much higher one that if there was competition). Such a situation is harmful for consumers. They purchase products at a higher price and with lower quality because, as there is no competition, producers are not forced to continuously develop and improve their products. This is why goverment intervenes, trying to soften the situation by decreasing the profits of the monopolists and increasing the welfare of consumers, and the social welfare.
The Chinese communist party’s approach when it took power was to institute a <u>"Planned economy"</u>
<u></u>
The history of the Chinese Communist party began with its establishment in July 1921. A look at a group led by Peking university professors Chen Duxiu and Li Dazhao to discuss Marxism, brought about intellectuals officially founding the Chinese Communist party (CCP) in July 1921.
In 1923, Sun Yat-sen invited the CCP to form a United front and to sign up for his Nationalist party (GMD) in Canton for training under representatives of the Comintern, the Soviet Union's international organization.
The Soviet representatives reorganized both parties into Leninist events. Rather than a loose organization that characterized the 2 parties till then, the Leninist party operated on the principle of democratic centralism, in which the collective management set standards for membership and an all-effective central Committee determined the party line, which all members should observe.
Learn more about the Chinese Communist Party here brainly.com/question/1283463
#SPJ4
Answer:
Slave women were expected to work in the fields with men.
Explanation:
Black men couldnt provide economically for their families, black women couldnt perform the complementary duties of homemaking.
Please mark as brainliest, it will be appreciated! :3
Pastoralism is a slightly more efficient form of subsistence. Rather than searching for food on a daily basis, members of a pastoral society rely on domesticated herd animals to meet their food needs. Pastoralists live a nomadic life, moving their herds from pasture to pasture. Because their food supply is far more reliable, pastoral societies can
And horticultural society is an organization devoted to the study and culture of cultivated plants
so the comparison is Horticultural societies grow crops as using simple tools, while on the other hand Pastoral societies raise livestock.
