Perfect competition is the simplest market structure, where the market is assumed to be in equilibrium and that all sellers sell the same product at the same price. The four conditions for perfect competition are:
1. There are many buyers and sellers in the market so that no one individual or seller can influence the price of the products, goods, and services.
2. Identical products are offered by the sellers
3. Both the buyers and the sellers are well-informed about the products and want to maximize profit.
4. Entry and exit to and from the market can be done freely by the sellers and buyers.
There is no market which displays 100% perfect competition. However, markets exhibiting nearly perfect competition do exist. These include street food vending and agricultural markets.
By protecting intellectual property, we made a specific invention could only be produced by the inventors alone.
Which means that the companies in other countries do not possess the right to produce it. This will increase the GDP of the country where the inventors came from
hope this helps
The landform that is not found in South Africa is loess
The dictionary says:
bib·li·og·ra·phy
a list of the books referred to in a scholarly work, usually printed as an appendix.
<span>a list of the books of a specific author or publisher, or on a specific subject."a bibliography of his publications"
the history or systematic description of books, their authorship, printing, publication, editions, etc.</span>
NOTES: Global mean surface temperature from 1880 to 2018, relative to the 1951–1980 mean. The black line is the global annual mean, and the red line is the five-year local regression line.
The report of the Intergovernmental Panel on Climate Change of October 2018 showed that the difference in impact between 1.5°C and 2°C was very large. That 0.5°C increase would imply that, for example, the length of droughts would double, the occurrence of extreme weather events would more than double, and all the coral would be gone. That is why the UNFCCC Paris Agreement (COP21) of December 2015 – to which more than 190 countries have subscribed – wisely set the target of holding temperature increases to “well below 2°C” with efforts to hold to 1.5°C.
To have a reasonable chance of holding below 2°C, we have to cut emissions by around 40% absolutely in the next two decades. Much bigger cuts are necessary for 1.5°C.
<em>BONUS: </em><em>Global warming is the process of raising the average temperature of the earth's atmosphere, oceans, and land. The global average temperature on the earth’s surface has risen 0.74 ± 0.18 ° C over the last hundred years. The Intergovernmental Panel on Climate Change (IPCC) concluded that "much of the increase in global average temperature since the mid-20th century is most likely caused by increasing concentrations of greenhouse gases due to human activity" [1] through the greenhouse effect. These basic conclusions have been expressed by at least 30 scientific and academic bodies, including all national academies of science from the G8 countries.. The climate model used as a reference by the IPCC project shows that global surface temperatures will rise by 1.1 to 6.4 ° C between 1990 and 2100. </em>
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<em>I hope this helps!! </em>
<em>Have a great day/night :)</em>
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