Answer:
Explanation:
The money spent on domestically produced final goods and services: is equal to GDP.
<u>Gross domestic product, or GDP, is the total value of all final goods and services produced in the economy during a given year. </u>
GDP is used as a measure of the size of an economy and can also be used to compare the economic performance in other countries.
The equilibrium point in a competitive market exists at the point of optimal market efficiency.
<h3>What is competitive market?</h3>
A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.
In economics, especially general equilibrium theory, A perfect market also understood as an atomistic market, is determined by several idealizing requirements, collectively anointed perfect competition or atomistic competition.
No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.
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This is an example of decline.
It has gone from being in maturity to being in decline.
The challenge of indirect benefits occurs when the social, economic, or environmental benefits of a company's sustainability commitments do not directly benefit primary customers or clients.
<u>Explanation:</u>
An indirect gain is a profit which can not be directly measured but is still appreciated-as opposed to the more readily quantified direct benefits like decreased headcount or increased revenue. The indirect advantages progress only when the customers or clients are also benefited, otherwise one or another day the failure of such tactics, destruction of image of firm, etc would happen.
Labor productivity is the best illustration of a technology's indirect gain; greater performance does not necessarily contribute to the elimination of an ongoing cost element but is understood in the context that it helps workers to do their roles better and quicker.
