Answer:
PROBLEMS CREATED BY MONOPOLIES:
1. monopoly can cause deadweight loss, or a lack of equilibrium between supply and demand.
2. disadvantages of monopolies include price-fixing, low-quality products, lack of incentive for innovation, and cost-push inflation.
3. it can cause inequality, and political abuse.
4. Monopoly tends to limit options available to consumers. Monopoly results in allocative inefficiency--in other words, the monopoly price is higher than the marginal cost of production. Profits do not encourage entry into the industry.
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Answer:
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Explanation:
The impact of the Industrial Revolution on British society and economy There is no doubt that the Industrial Revolution plays a central role in the modern British history. The structure of British society has forever changed by the impact and consequences of Industrial Revolution. The Industrial Revolution is often stated as the increase of the number of factories, the exercise of steam power in a wide range of area and the mass-production produced by new technology in the course of 1750 to 1850 (Lane, 1978: 72).
The Telegraphy was the first to send coded messages over a wire in a matter of seconds
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In desperate need of soldiers to help with the invasions, Rome hired mercenaries to defend its borders. According to some historians, many were Germanic warriors who did not feel loyalty to Rome. ... The most evident factor of the Roman Empire's fall was the invasions.
Explanation:
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Explanation:
The branches must both cooperate and compete to enact policy. ... The central government under the Articles lacked a strong executive and a method for resolving ... three branches—legislative, executive, and judicial—so that each branch had to cooperate ... Accordingly, each branch of government has unique powers.
