The republic of south Africa exports edible fruits and nuts into the common market known as the European union, and imports from the European union other products which south Africa could produce but at a higher cost than what it costs the Europeans to produce. this practice follows the theory of comparative advantage.
Comparative gain is an economic system's potential to supply a specific proper or provider at a reduced possibility rate than its buying and selling partners. Comparative benefit is used to provide an reason for why organizations, countries, or people can benefit from trade.
For instance, if a country is skilled at making each cheese and chocolate, they will decide how much tough work is going into producing each right. If it takes one hour of exertions to produce 10 devices of cheese and one in each of of tough paintings to deliver 20 devices of chocolate, then this united states has a comparative benefit in making chocolate.
Comparative advantage, monetary precept, first developed via 19th-century British economist David Ricardo, that attributed the reason and advantages of global alternate to the variations within the relative possibility costs (prices in phrases of other objects given up) of producing the same commodities amongst global locations.
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Answer:
My dream business is organic poultry farming.
Explanation:
It is my hobby to have different types of hen breeds. So I would like to invest in my hobby. I would like to have breeds of organic hens that will lay more eggs. I will also invest in fancy chickens which are widely used as pet in backyards.
It has great potential for growth, as people are nowadays moving towards organic foods. The organic poultry market has grown from $7.5 billions to $7.7 billions from 2019 to 2020. The growth recorded is almost 2% despite the breakout of virus. People would like to buy fancy chickens as pets because they lay eggs and look cute in the backyards.
The return on fancy chicken breed is much higher than an ordinary chicken breed that only lays egg. I will start from 1500 baby chickens and will around 50 chicken tractors in a large 8 kanal area. This chicken tractors will help me to keep the death rate of the chickens low and are helpful in lowering the spread of diseases. Furthermore, it is moveable which means my chickens will have fresh grass to eat.
I will buy a small van that will be helpful in managing the delivery of food requirement and egg supply to my customers. To lower the cost of organic feed I will grow many types of plants, herbs, grass, etc in the 8 kanal area that will meet the protien requirements of the chickens. I will also water the land daily so that the waste of the chickens are accessed very quickly to plants.
Their many other tactics that could be used like leasing the land for 2 years because it will lower the investment required, plantation of plants that will grow its value over time, use of thick sheets that will protect chickens from and use of thin sheet that will protect them from mosquitos, etc.
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Answer:
Option B is correct because the first thing is we can not register it as trademark because the requirement to register trademark is:
In this case the word bicycle is not distinctive. The word distinctive in law means that the item must be different from something else either in nature or type.
Option A is incorrect as the word bicycle is not distinctive, so it can not be registered. And if it can not be registered then it can not be protected against trademark infringement.
Option C is also incorrect as this word does not meets the requirements of trademark registration.
Option D is also incorrect because certification mark are logos of products to make the quality or nature of product clear.
Answer:
A banknote is a negotiable promissory note which one party can use to pay another party a specific amount of money. A banknote is payable to the bearer on demand, and the amount payable is apparent on the face of the note.
Answer:
To minimize cost, the pipe should follow a rectangular path.
Explanation:
Let us denote the square bottom of the dug pit as
P = S²
and its cost will be P = 2S² = 4S to dig
Let us denote the height of the pit as H,
Therefore, Total area of the pit will be:
4SH
and its cost is 2SH
The volume of the pit is
v= S²H = 4² × 2 = 128
Total cost therefore is =
C = 2S² + 2SH
This therefore translates to
128 = s²h
Making H the subject of the formula,
we have, h = 128 / S²
Cs therefore = 2S² +2S . 128 / S²
Cs = 2S² + 256 / S
Cs = 4S - 256 / S²
Cs = 4S³ - 256 / S
4S³ - 256 / S = 0
4S³ - 256 - 0 = S
Solving further, S = 4
Where,
H = 128/64
= 2
Therefor, S = 4 and H= 2
So our pipe will follow a rectangular path to properly minimize cost.
