Answer: Use of modern methods of farming increased the crop production of the people
Explanation: Despite the challenges faced by African farmers, they are blessed with a very suitable type of soil, which was supported by the modern irrigation practice, fertilizers and hybrid seeds provided by the international agro processing firm who set up their firm near the village in a bid to get easy and cheap labour. The effect of these has led to the drastic increase in the crop production of the people .
Answer and Explanation:
The journal entry to record the given cost is shown below:
Land Dr ($357,000 + $44,900 + $66,374) $468,274
Building Dr $1,616,200
Land improvement Dr $102,019
To Cash $2,186,493
(being the cash paid is recorded)
Here land, building & land improvement is debited as it increased the assets and credited the cash as it decreased the assets
Answer:
There is no need for the monopolists to have the fear for entry
Explanation:
So, this particular problem or question is what is the part of economics known as the microeconomics. So, let us take the definitions of some important terms in the question which is going to assist us in solving this particular problem or question.
=> MONOPOLISTIC COMPETITOR: the term monopolistic competitor will also mean to say imperfect competitor. That is to say the kind of competition in which sellers or competitors compete in order for them to get some kind of advantage over the prices of goods and services in the market. The demand curve thus now has a download slope.
=> MONOPOLIST: Monopolists have advantage over the price of products or services in the market.
A business, which provides products and services, can also create <u>C. Increased need for government regulations.</u>
<h3>What are government regulations?</h3>
Government regulations are the rules created to ensure proper behaviors in business activities. Regulations provide protections for individuals (workers and consumers) or the environment.
<h3>A business cannot create the following:</h3>
- Need for economic policy change
- More restrictions on consumer choices
- Quality of life for consumers.
Thus, a business can <u>create an increased need for government regulations </u>in addition to providing goods and services.
Learn more about the role of business and government regulations here: brainly.com/question/3450277
