Answer:
examine how firms complete in a given industry
Answer:
see below
Explanation:
Personal income is the total earning an individual gets from wages, investments, bonuses, dividends, profits, or other ventures. It is the sum of a household income. Personal income is calculated per period, usually one year.
Economic conditions refer to the prevailing state of a country or region's economy. Economic conditions are ever-changing and are influenced by business cycles of expansions and contraction, government fiscal and monetary policies, macroeconomic factors, and global factors. Governments and investor use indicators to tell the state of the economy
Economic conditions impact people's and business income. Government policies and global economics influence the level of economic activities. The expansion period has increased economic activities are leading to increased incomes. At contraction, business activities decline, resulting in reduced income.
Answer:
monopoly, but self-interest often drives them closer to the competitive outcome.
Explanation:
An oligopoly exists when a small number of firms control the resources and price in a market.
They tend to stop each other from having significant influence in the market.
Because of this self interest their monopolistic attribute tends to become more towatds a competitive outcome.
So no one firm has the monopoly of the market rather influence is shared
Answer: Option B
Explanation: In simple words, theory X refers to the type of management style under which the manager have a perception that his or her subordinates are incompetent employees with less motivation and irresponsible nature.
These managers strictly monitors their subordinates and use aggressive style of management to get work done. Under such management style the delegation of authority and decentralization does not takes place.
Generally, the relationship of such managers with their subordinates are very formal and remains occupied within the firm. Under such management style all the employees have to work by following a predetermined framework and there is very less flexibility in the job.
The government can require licenses in order to start the small business. This keeps the small business accountable and the government and keep track of this.
