Answer:
It will bring about a decrease in aggregate supply which is caused by the increase in input prices and it is represented by a shift to the left of the SAS curve because the SAS curve is drawn under the belief that input prices remain constant.
<h2>Independently owned and operated high-street stores and restaurants is an example of monopolistic competition.</h2>
Explanation:
The model of monopolistic competition describes a common market structure in which firms have many competitors, but each one sells a slightly different product.
- Clothing industry- Marketing and branding is the main separator between different evidently similar black shirts.
- The fast-food industry- where a burger made by McDonald’s is quite similar to a burger made by Burger King, though consumers usually have a preference between the two chains.
- Independently owned and operated high-street stores and restaurants- In the case of restaurants, each one offers something different and possesses an element of uniqueness, but all are essentially competing for the same customers.
<span>A company that is most motivated to make money has a
letter D: profit motive. Profit motive is an economics term relating to an
organization (specifically business) expected to earn more profit than the expenses
they have given. This type of organization differs from nonprofit because NGOs
are more on accomplishing their advocacy without expecting profits in return.</span>
Answer:
Banks create money with a system called credit creation. With the help of credit creation, banks can lend a lot more money than the deposits that it holds. When banks lend this money to agriculture, industries, small businesses, and service providers, they are actually helping the economy grow exponentially.
Explanation:
