The product of exposure, life experiences and learning of an individual
<span>Economies of Scale. This means as firms produce more their average costs fall. ...Brand Loyaly. Some firms have high degrees of brand loyalty. ...Geographical Barriers. Some Industries are specific to a certain area. ...<span>Patents.
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They are organized in the same way:
1. Preamble: explaining philosophy, vision and mission of the government
2. Articles: outlining the functions of each parts of government
3. Amendments: adding the official changes and additions to constitutions
Because consumers behave in a rationally self-interested manner, the consumer will purchase a good or service when the marginal benefit is greater than or equal to the marginal cost.
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When you make a choice in your self-interest?</h3>
- Congestion: A commuter driving to work has no incentive to consider the cost of his actions on other drivers in the form of increased traffic congestion.
- The well-being of society For instance, there are several potential solutions to traffic congestion
- Individual driver gasoline sales are taxed.
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