Natural monopolies and the reason to exist in the free market system
Explanation:
In a natural monopoly when a market can supply goods or the cost of the goods can be lowered in competition with the potential competitor then it is called as natural monopoly. In a market when the first supplier of the product is demanding more cost or raises the costs of the product then it eventually rises to natural monopoly.
Here the products are given at a lower rate than the capital supplier. They are available in free market because people always tend to go for lower prices and for a good quality product.
Answer:
The correct answer is - A Measure of Value.
Explanation:
Money is the currency that is used by people to purchasing or selling goods and services. Money is required and important to barter with each other, meaning that each party has a specific good or service that the other need or wishes to have. Money serves various functions:
- A Medium of Exchange: money is used to exchange the service or goods between two parties.
- A Measure of Value: it is also used to price of every good or service is expressed as the number of money which is noodley here, needed to buy the good.
- A Unit of Account: loss and profit is based on this.
There are many other functions, but here it is expressed as a measure of value.
Answer:Scientific classification
Class: Cephalopoda
Order: Oncocerida
Family: Valcouroceratidae
Explanation:
Answer:
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Explanation:
