Answer:
Ease of entry into the market
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services.
In the long run, perfect competition make zero economic profit because if firms are making economic profits in the short run , new firms would enter into the industry in the long run. This is made possible because of the ease of entry into the market.
I hope my answer helps you
The ending equity is $315,000 This is just a matter of adding income and subtracting withdraws. So let's do it. "Cragmont has beginning equity of $277,000," x = $277000 "net income of $63,000" x = $277000 + $63000 = $340000 "withdrawals of $25,000" x = $340000 - $25000 = $315000
<span>Opening up to international trade would lead a country to increasing its production and specialization of goods. For example, if a country opens international trade and some factories are making a household appliance, the instructions would need to be in the trade countries languages as well as the native language. The number of household appliances made would need to be increased to meet the growing need.</span>
Answer:
The human capital theory
Explanation
The human capital theory explores the relationship between investment in human capital and earnings.
Investment in human capital can take the form of education or training.
The theory suggest that those that invest in human capital earn higher income
The human capital theory also explores pattern of earnings. The theory suggests that the earnings of young people would be low as they would forgo earnings to invest in human capital . Earnings would increase as one gets older because old people invest less in education and training
Answer:
Evidence based.
Explanation:
Evidence: It is something that furnishes proof or testimony or something legally submitted to ascertain in the truth of matter.
Evidence basedis the conscientious (effort), explicit (clarity) and judicious (critical of quality) use of the best available evidence from multiple sources to increase the likelihood of a favourable outcome.
Characteristics:
- It’s about the process
- It’s not about certainties (this will work)
- It’s is about probabilities and likelihoods
- It is about reducing uncertainty (given our context this is more likely to lead to the outcome we want than doing something else or doing nothing)
