Economists use circular flow models as a way to illustrate the way a market economy works and how the various parts of that type of economy are linked to one another.
The circular flow model is used to show how households and businesses are linked together. It shows businesses buying from households in factor markets while households buy from businesses in product markets.
Hope this helps!!
I don't know limited and unlimited countries, but this is something that you often say of government: a limited government must obey some kind of rule, while an unlimited government is an absolute government and is free to do everything (including kill its subjects)
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His vice president becomes president
<span>In
economics, we compare variables in a graph for all of the following reasons
EXCEPT to paint a picture of two or more variables. This statement does not
correlate with the above choices about variables in graph for economics. You are
not trying to paint a picture, you want to know the trend of your variables.</span>
Answer:
In terms of South African law, the Post Office is the only entity legally allowed to accept reserved mail and as such operates a monopoly.
Explanation:
The South African Post Office Group currently consist of a number of divisions and subsidiaries operating in the fields of mail, financial services, logistics, property, electronic commerce and retail services. Traditional collection, sorting and delivery of letters and parcels constitute the primary business activity of the group, responsible for nearly 65% of the groups revenue in 2010/12. In the 2010/11 financial year nearly 1,5 billion mail pieces were processed. To process and distribute this volume of mail items the group operates 6 large mail centres and more than 40 depots across the republic. The group has, however, suffered a decline in traditional mail volumes over the last 3 years. This decline is in line with similar declines experienced by the majority of postal operators across the world as traditional mail as a communication medium is substituted by electronic alternatives such as email and more recently cell phones.
The second largest activity of the group is financial services which it offers through its savings banks that operates under the name Postbank. The Postbank itself was formed in 1910 and is the largest savings bank in the country. More than 6 million customers have accounts with Postbank making it one of the largest banks in South Africa as measured by customer number. The Postbank is a deposit taking institution only, and thus does not offer credit products, only savings and investment products.