Answer: C)The idea that people pursuing their own self-interest actually benefit the public at large.
Explanation: Definition: The unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand. Description: The phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations
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The profit margin is the difference between the price charged for a good or service and the cost of producing it. Therefore it constitutes the profit for the producer.
<u>Two strategies can be followed to increase profit margins</u>
- Lower average production costs: if the company is able to increase the efficiency of its production processes (for example, by introducing new organizatives techniques) it will be able to produce more units with the same amount of resources. Then the cost per unit produced decreases, and the company will earn a higher margin if continues charging the same price.
- Product differentiation. The company introduces modifications in the product so that the perception that consumers have of it improves, and therefore consumers would be willing to pay a slighty higher price for purchasing that particular brand. If such modifications do not entail a larger increase in the cost per unit produced than the size of the price increase, then the firm will be able to increase its profit margins with this strategy.
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Explanation:
Qualitative observation is usually conducted on a small data sample size while quantitative observation is carried out on a large data sample size. Quantitative observation depends on the quantity of the research variables in order to arrive at objective findings since the data is quantified as the actual
Answer:
The French and Indian War, which took place between 1754-1763, began due to a conflict between England and France over control of the Ohio River Valley. Both sides wanted the valley so they could expand their settlements into the area.
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It is known that Hindu ascetics occasionally visited Greece. Furthermore, Greece and India conducted not only trade but also cultural, educational, and philosophical exchanges. The most striking similarity between Greek and Indian thought is the resemblance between the system of mystical gnosis (esoteric knowledge) described in the Enneads of the Neoplatonic philosopher Plotinus (205–270) and that of the Yoga-sutra attributed to Patanjali, an Indian religious teacher sometimes dated in the 2nd century CE. The Patanjali text is the older, and influence is probable, though the problem of mediation remains difficult because Plotinus gives no direct evidence of having known anything about Indian mysticism. Several Greek and Latin writers (an example of the former being Clement of Alexandria) show considerable knowledge of the externals of Indian religions, but none gives any intimation of understanding their more recondite aspects.
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