Limited government licenses that create a monopoly do so because the license is an entry barrier.
Hence, option C is correct.
What do you mean by monopoly in economics?
Monopoly can be defined as a situation where there is a dominance of a single seller in the market. It is opposite to the concept of perfect competition. An unregulated monopoly possesses market power and can influence prices in the overall sector.
The main features revolves around
- Only One Seller and Various Buyers.
- No Produce Replacement Option
- Very Difficult to Enter in Market.
- Pricing Control.
- Government Driven.
- Natural Monopoly.
There are usually three types of monopoly
- Natural Monopolies.
- State Monopolies.
- Un-natural Monopolies.
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<span>I think the the purchase of Gelato depends a lot on the temperature. A lot of people just want to have something cold, when it is hot outside, for example: Icecream, a cold drink. Although, i don't think it is only related to temperature. Temperature plays a big part in it, but some people might just want ice cream for example on a cold day. lets say there is a girl that just got dumped by her boyfriend, the cliché is that this girl will eat her hurt feeling away with ice cream, no matter what the temperature is. i myself like to enjoy gelato also in winter. I do have to state though, that it is LESS than in summer, but the craving is still there.</span>
Similar to manufacturing, services use methods that add value to the raw materials required to make the finished product. JIT emphasizes the process rather than the end result. Therefore, it may be applied to any set of processes, whether they are involved in manufacturing or providing services.
In the context of the industrial and service industries, the Just in Time (JIT) system: Companies use just-in-time (JIT) inventory strategies to boost productivity and cut waste by only ordering products when they are actually needed for manufacturing, which lowers inventory expenses.
Between service and manufacturing organizations, there are five key differences: the tangible nature of their output; production on demand or for inventory; production tailored to the needs of a particular customer; labour-intensive or automated operations; and the requirement for a physical production location.
In reality, though, service and industrial firms have a lot in common. Many manufacturers have their own service departments, and both industries need trained workers to run a successful organization.
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Answer:
The answer is stated below:
Explanation:
A. Received or collected $10,000 in exchange of the common stock:
This transaction will have an impact on the Accounting Equation of the Accounts, which is :
Assets = Liabilities + Equity
As the cash is received, there will be an increase in the assets and under the cash account of the current assets. Though the cash is against the common stock, which increases the common stock account upon the side of the equity.
Therefore, it will be:
Increase in assets (Cash) : Increase in equity (Common Stock)
B. Bought the equipment on account worth $5,000.
This transaction will have an impact on the Accounting Equation as:
As the equipment is purchased will in turn lead to increase in the assets side, under the equipment account and it is purchased on account, which means on credit, that leads to increase in the liability under the Accounts Payable account.
Therefore, it will be:
Increase in assets (Equipment) : Increase in Liability (Accounts Payable)
The answer is C. Inflation
Price indices are a normalized average of price relatives for a given types of products ( either goods or services) in a specific region, during specific interval of time
It's provided a statistic that is designed to compare the prices while separating the inflation as a factor
