A cartel differs from a monopoly in that businesses making the same product agree to limit production. The definition of a cartel is "in economics, a cartel is an agreement between competing firms to control prices or exclude entry of a new competitor in a market."
If an economy is experiencing inflation, aggregate demand is above full-employment and the government will increase spending and decrease taxes.
Answer: Option B
<u>Explanation:</u>
The inflationary gap occurs when total demand is greater than the level of the outcome at full employment. Therefore, inflationary gap is the estimation of the excess amount of total demand over total supply at full employment. The hike in the amount of discretionary income for both consumers and business results from the government’s expansionary fiscal policy.
When government or pivotal authority slit taxes the investment for capital improvement, new hiring or employee’s payment reimbursement is processed by businesses and consumers may spend more for buying goods. The government can also encourage economy by investing in infrastructure projects. Such actions can result in a price hike due to the high demand for goods and services.
Verna system divides the Indian Society into Brahman, Kshatriya, Vaishyas, and Shudras which was originated during Vedic System, however, the three societies Brahman Kshatriya and Vaishyas gain inheritance with other Indo-European Societies whereas Shudras was added by Brahmans from northern India and division of society according to Verna system was highly prevalent during colonialism which played key role in division of population
The answer is B. Vertical :D
