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How does competition and marketing work together to increase the nations standard of living?
Competition leads to innovation and the creation of improved products. Also, competition and marketing lead to decreased prices. Both these factors increase a nation's standard of living.
What are the factors that lead to the rise of monopoly?
When a big company buys or takes over another smaller company, competition is reduced, and customers have less choices.
Competition without division of resources may lead to?
extinction
Does greater competition lead to greater efficiency?
Yes. Greater competition between firms/countries/... makes the productive capacity rise and will reduce costs. The rise in the productive capacity is mainly achieved by investing in new capital goods (or replacing the old ones). Of course this will reduce the labor needed (so less costs) and will increase efficiency in the end.
Who said internal factors lead to job satisfaction and insufficient external factors lead to job dissatisfaction?
McGregor'
How does competition and marketing work together to increase the nations standard of living?
Competition leads to innovation and the creation of improved products. Also, competition and marketing lead to decreased prices. Both these factors increase a nation's standard of living.
What are the factors that lead to the rise of monopoly?
When a big company buys or takes over another smaller company, competition is reduced, and customers have less choices.
Why is it not good to have political competition?
Political competition is generally beneficial as it fosters accountability, encourages diversity of ideas, and provides voters with choice. However, excessive competition can lead to polarization, gridlock, and a focus on short-term goals rather than long-term solutions. Striking a balance between healthy competition and collaboration is important for effective governance.
What are the negative effects of competition?
A disadvantage of competition can be the loss of local jobs, particularly in the manufacturing industry. As competition pushes prices of goods down firms may move offshore in search of cheaper labour in order to stay competitive. This can lead to some firms exploiting people in less developed countries and in extreme cases even child and or slave labour. Some industries do not lend themselves to competition. The main example commonly used is the supply of water to residential homes. It does not make sense to have multiple sets of pipes running to each home. In an industry such as this it is cheaper to have a monopoly firm, regulated by government to insure fair price and a minimal level of service.
How did European construction firms lead the market?
European firms were the leaders in high-performance asphalt, tunneling, high-speed rail work, and marine construction.
Competition without division of resources may lead to?
extinction
Does greater competition lead to greater efficiency?
Yes. Greater competition between firms/countries/... makes the productive capacity rise and will reduce costs. The rise in the productive capacity is mainly achieved by investing in new capital goods (or replacing the old ones). Of course this will reduce the labor needed (so less costs) and will increase efficiency in the end.
Why are apples and oranges perfect competition?
Increasing competition can lead to the fact that the prices of these products are lowered by the producing companies involved.
A biotic factor that shapes communities?
Competition for resources, such as food or territory, is a biotic factor that can shape communities by influencing the distribution and abundance of species within an ecosystem. This competition can lead to the exclusion of certain species from the community or the dominance of others.
Did the growth of nationalism in the first half of the 19 century lead to increased competition?
The growth of nationalism in the first half of the nineteenth century did not lead to increased cooperation among European nations, but to increased competition.
Who said internal factors lead to job satisfaction and insufficient external factors lead to job dissatisfaction?
McGregor'
Is Tesco supermarket monopoly or oligopoly or monopolistic competition?
it is not the company which can be said as monopoly or oligopoly, these both terms refer to two different MARKET structures. therefore the retail industry of UK is said to have similar features as in oligopoly as there are some firms like Tesco, Sainsbury and ASDA which lead the market.
