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andrey2020 [161]
3 years ago
10

What is a pure monopoly

History
1 answer:
Ulleksa [173]3 years ago
6 0
A company with a pure monopoly means that a company is the only seller in a market with no other close substitutes. ... Also, with pure monopolies, there are high barriers to entry, such as significant start-up costs preventing competitors from entering the market.
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What happened after Georgia became a royal colony in the 1750s?
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Answer:Georgia became a royal colony in 1752.

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4 years ago
2.29: Industrialization and Globalization Unit Test 34 points
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Answer: Industrialization a shift in an economy from one sector (agriculture) to another ( industry) e.g Manufacturing

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Explanation:

Industrialization is a shift in a countries economy which was primarily based on agriculture e.g farming, livestock e.t.c. to Industry which involves manufacturing, production of goods and services. Examples of industrialized nations are Germany, USA, Italy.

Globalization on the other hand is an interaction of world economies.Globalization often leads to an increase in market competition. This competition are usually related to product and service costing and pricing, target market, adaptation of the technology by companies etc. A company producing with less cost can sell cheaper which in turns increase it markets share globally.

e.g Japan (Toyota) market competition with Germany (Mercedes).

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3 years ago
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