Economists, however, identify six major functions of governments in market economies. Governments provide the legal and social framework, maintain competition, provide public goods and services, redistribute income, correct for externalities, and stabilize the economy.
Selfish employee because she doesn’t want to work for the good of the company, she just want the good for her
In some cases, supply curves are vertical, which means that for any price from 0 up to infinity, the quantity will stay the same.
This is very true for supply of an authentic painting in auctions, where there may only be 1 single painting, and people state the highest price they are willing to pay for the painting. Regardless of the price, there will only be 1 authentic painting for that price.
Hope this helps! :)
Answer:
<em>Punctuated Equilibrium theory</em>
Explanation:
As stated by the "theory of Punctuated Equilibrium", <em>the organization often experience both dynamic as well as external environments and also goes by long and periods which are simple related to environmental balance and as well as continued by short. </em>
For example: United States airline industry. e.t.c.
<u>Punctuated Equilibrium theory is</u> basically a theory which is related to understanding as well as analyzing the process of change.
