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defon
3 years ago
7

What factors contribute to commerce

Business
1 answer:
Burka [1]3 years ago
3 0

Different factors contribute to commerce including the export and import of a country, their ease of doing business  and their own situation in the market.

Explanation:

The factors that affect commerce are the ones that dictate the face of a given market. if the market is considered easy to trade in then the commerce is supposed to be easy and smooth flowing

This is hampered by laws and the import and export tariffs of a country. The more inviting these are the more commerce happens in a place.

It also depends on how many businesses are able to function in the setup and the more businesses there are the more commerce happens in the end.

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Complete each statement with the term that correctly defines.
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a. Outperform.

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A platform can be defined as a type of business model that creates value or focuses on assisting participants by facilitating exchanges and interactions between two or more interdependent groups of participants, who are mostly consumers and producers of finished goods and services.

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5 0
3 years ago
Eric and Chris run a non-regulated natural monopoly producing electricity for a small town. The barrier most likely preventing o
alexdok [17]

Answer:

increasing returns to scale

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The biggest barrier for other firms are increasing returns to scale. This is because Eric and Chris have their company already established and also have their clientele all hooked up and using their service. This allows them to produce a much higher electrical output for their clients with a certain Income. Newer companies will need a much higher income just to be able to produce a similar electrical output in order to try and compete with Eric and Chris.

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3 years ago
When you purchase an item,
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Answer:

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4 0
2 years ago
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