Under industrial capitalism, Marx believed the primary factor to distinguishing different classes was relationship to the means of production.
A natural monopoly occurs when the most efficient number of firms in the industry is one. A natural monopoly will typically have very high fixed costs meaning that it impractical to have more than one firm producing the good.
Examples are Gas network, Electricity grid
Railway infrastructure.
A natural monopoly poses a difficult challenge for competition policy, because the structure of costs and demand seems to make competition unlikely or costly.
Hope this helped :D
~Melis
Answer:
the definition of a market in determining the price elasticity of demand
Explanation:
In economics, the price elasticity of demand is the measure used to determine the responsiveness and the elasticity of a quantity demanded for a good or a service to increase in the price when nothing but only the price of the product changes. It is the measure to show the demand of a product in relation to the price change of the product.
In the context, Juan Carlos is is filling up a survey regarding the demand or purchasing of toothpaste when the price of the toothpaste changes. Thus this is important to study the price elasticity of demand of a product in the market economy.
<span>If more voters identify as independent, </span>The representatives that available in the election will be more vary which a lot different styles and principles.
The two party system often caused a confirmation among the loayl voters that making them believe that the value and the principle that their party held is an absolute.
<span>A)responsibility; love; freedom
B)education; experience; heredity
C)courage; creativity; loyalty
D)none of these
</span><span>It can't be B and I believe it is A, but I don't know about respectively. </span>
