Natural monopolies and the reason to exist in the free market system
Explanation:
In a natural monopoly when a market can supply goods or the cost of the goods can be lowered in competition with the potential competitor then it is called as natural monopoly. In a market when the first supplier of the product is demanding more cost or raises the costs of the product then it eventually rises to natural monopoly.
Here the products are given at a lower rate than the capital supplier. They are available in free market because people always tend to go for lower prices and for a good quality product.
Answer:
Contains full text of the U.S. Constitution, historical notes, and annotations of cases decided by the U.S. Supreme Court. Prepared by Library of Congress, Congressional Research Services.
Booker T. Washington and W.E.B. DuBois were two important leaders of the Black community in the United States. However, they each had very different opinions about the role of the African community, and on how equality could be achieved.
Booker T. Washington believed that the Black community needed to adopt a philosophy of self-help, racial solidarity and accomodation. He believed that African Americans had the duty to educate themselves and improve their livelihood in order to be taken seriously by white Americans. On the other hand, W.E.B. DuBois believed that this approach only put an extra burden on black people, while ignoring the responsibilities of whites. He argued that social change had to come through political change, and advocated political action.
I believe that their differences were as substantial as the friction between their followers. The two men had very different opinions about race and advancement. Moreover, I believe that the opinions of Booker T. Washington were more suited to the temper of the times as he took a more positive view of white people and a more negative view of conflict and political activism.
Answer:
Explanation:
As a means of communicating ideas and storing information, written language is the single most important and far-reaching technology available to humans and has served as the foundation for virtually all other information technologies from early etchings in clay to the world of digital access that we enjoy today.
