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Why does the federal government attempt to reserve competition among business enterprises?
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Why did some people believe that lack of competition would hurt consumers?
Theoretically, competition keeps prices low because various firms vie for the business of consumers. When they compete, they attempt to win a larger market share by lowering prices. Therefore, if competition is lacking, prices will increase. Take a monopoly for example. No competition means they can set really high prices.
The of Confederation was the first attempt at an American government?
The Articles of Confederation was the first attempt at an American government.
What is a systematic attempt to overthrow the government called?
Anarchy?
What was the first attempt at government for the US?
U.S. constitution
What is an indirect technique used to influence public policy?
An indirect technique used to influence public policy is lobbying. It is an attempt to sway business and government leaders to create a law or conduct an activity.
Why does the federal government attempt to preserve competition among business enterprise?
competition law!
What did the business owners in the late 19th century attempt to establish trusts?
Eliminate competition
If a certain business monopolizes a particular industry the government will attempt to stop it. This is an example of which economic function of government?
Efficiency
If a certain business monopolizes a particular industry, the government will attempt to stop it. This is an example of which economic function of government?
Efficiency
Why did some people believe that lack of competition would hurt consumers?
Theoretically, competition keeps prices low because various firms vie for the business of consumers. When they compete, they attempt to win a larger market share by lowering prices. Therefore, if competition is lacking, prices will increase. Take a monopoly for example. No competition means they can set really high prices.
Which action was not taken by the meiji government as part of their attempt to modernize?
Robots were extensively used throughout business
What happens when two organisms attempt to occupy the same niches?
COMPETITION competition
What happened when two organisms attempt to occupy the same niche?
COMPETITION competition
What happens to when two organisms attempt to occupy the same niche?
COMPETITION competition
How does business influence government in Australia?
Business attempts to keep the government in Australia from over regulating it. They also attempt to keep taxation of profits to a minimum and they try to influence labor laws to maximize workforce efficiency.
In the economic function does the government attempt to keep the business cycle of the economy from being to high or too low?
In a Marxian economic function, the government attempts to keep the business cycle of economy from being too high or too low.
What does endeavored mean?
Endeavors are enterprises, activities, or attempts to reach some goal. The verb endeavor means to try, attempt, or act to achieve something.
