Answer: Market structure
Explanation:
The market structure is one of the concept that helps in defining the various types organizational characteristics and the function of the market.
The market structure basically focuses on the main factors that affect the pricing of the product and the competition ion the market. There are three types of market structure are as follows:
- Perfect competition
- Buyer's control
- Imperfect competition
According to the given question, the pure competition is one of the component of the market structure as it helps in determine the actual market share, identical products and the freedom in the existing industries. Therefore, Market structure is the correct answer.
an act of reconstructing U.S. History. the process by which the states that had seceded were reorganized as part of the Union after the Civil War.
Answer:
Local authorities.
Explanation:
The most local legislative branch is the local council of a town or a county. They are very limited in power. Another local legislative branch is county commision, which are represented by the County Comission members.
A state legislature is the lowest level of the legislature, which transferred most of its power to state or federative bodies. Even though, federal government derives its power from the state and local bodies, state and local bodies give that power to the federal government through its representatives and lawmakers.
The referendum is the progressive
reform that allowed the voters to approve or reject laws passed by the
legislature.
To add, a referendum (plural referendums, see below) is a
direct vote in which an entire electorate is asked to vote on a particular
proposal.