Answer:
Monopolies limits competition in the market.
In a natural monopoly, a producer controls the market because it is able to meet the demands of all consumers.
In a government monopoly, a producer controls the market by the authority of the government, and private production cannot take place.
In a technological monopoly, a producer controls the market by holding a patent on the process of creating a specific good.
Explanation:
- natural monopoly: exists due to the high start-up costs or powerful economies of scale of conducting a business in a specific industry. A producer might be the only provider or a product or service in an industry or geographic location.
- government monopoly: A forced form of market domination whereby a national, regional or local administration, agency or corporation is the sole provider of a particular good or service and competition is prohibited by law. A government monopoly is generally created and run by a government, rather than by a private business.
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technological monopoly, a producer controls manufacturing methods necessary to produce a certain product, or has exclusive rights over the technology used to manufacture it.
Answer:
Ecosystem services.
Explanation:
Essential services, such as water purification, nutrient cycling, and plant pollination are all examples of Earth's ecosystem services.
An ecosystem can be defined as the natural living habitats of both living and non-living organisms.
Hence, this essential services that are being provided by the ecosystem are really very vital, important and useful for the sustenance of life, both for humans and enhances social welfare.
Answer:
Greek city-states made their own economic and political decisions but shared a common culture.
If you're referring to the territorial expansion in the United States that was sanctioned by the government, land gave people "solid wealth" that was overall more valuable but was difficult to spend.
Answer:
a. Hermann Ebbinghaus
Explanation:
Hermann Ebbinghaus (1885) was a German Psychologist who introduce the experimental study of memory, using himself as the single subject in his work.
