Explain the Market System Specialization
Explain the Market System Specialization?
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1. Division of labor allows workers to specialize.
a. People can take advantage of differences in abilities and skills.
b. People with identical skills may still benefit from specialization and improving certain skills.
c. Specialization saves time involved in shifting from one task to another.
2. Geographic specialization: Regional and international specialization take advantage of localized resources.
Illustrate the 4th role is the reallocation of resources?
Describe the Personal distribution of income?
Briefly explain the term Average cost and Marginal cost?
Explain producers in an industry are receiving pure or economic profits?
What happens in the product markets?
simultaneous method in demand forecasting?
The main advantage of using EVA is that it is simple to calculate and understand. It uses simple measures like operating profits and cost of capital terms which are widely known and accepted in the financial arena. It helps the managers to assess thei
Cost of debt= (1-tax rate)* interest rate * (debt ÷capital employed)Cost of equity = risk free rate + market premium (equity shareholders funds÷ capital employed)
I am facing difficulty in this question. Help me in find out correct answer of this economy based question. From heterodox perspective, why do business enterprises choose administered prices as opposed to highly flexible prices?
Illustrate the 2nd function to promote and maintain competition?
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