Want this question answered?
Antitrust laws
antitrust laws -apex :)
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.
Free trade results in greater international economic integration. The abolishment of tariffs, quotas and other protectionist measures result in lower prices and more choices for consumers, greater world efficiency and efficiency of exporting producers as competition increases. The theory of comparative advantage states that countries with favorable factor endowments for a specific product will be able to produce that at a lower opportunity cost than a potential trading partner. This allows for greater world efficiency because as few resources as possible are used for production of goods and services. All in all, free trade promotes growth, peace and global integration.
Greater efficiency; increased productivity; lower unit costs
Antitrust laws
antitrust laws -apex :)
Competition
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.
Federalism allows for a distribution of power between central and regional governments, promoting greater flexibility and efficiency in governance. It allows for diversity and experimentation as different regions can adapt policies to suit their specific needs. It also promotes competition between regions, leading to innovation and improved governance practices.
International trade enables specialization, which brings increased efficiency and greater competition.
International trade enables specialization, which brings increased efficiency and greater competition.
Free trade results in greater international economic integration. The abolishment of tariffs, quotas and other protectionist measures result in lower prices and more choices for consumers, greater world efficiency and efficiency of exporting producers as competition increases. The theory of comparative advantage states that countries with favorable factor endowments for a specific product will be able to produce that at a lower opportunity cost than a potential trading partner. This allows for greater world efficiency because as few resources as possible are used for production of goods and services. All in all, free trade promotes growth, peace and global integration.
International trade enables specialization,which brings increased efficiency and greater competition to spur the market
Financial influences in business is the deregulation resulting in the opening up for the financial industry to much greater competition. Deregulation - Is the removal of government regulation from industry, which increases efficiency and improving competition. Bibliography: Business in action text book Preliminary Course
You don't. Such an efficiency can be less than 1, but it can't be greater than 1.
It is greater. You need to look for the SEER (Seasonal Engergy Efficiency Rating) to see the true engergy rating of the heat pump.