Your text explains that profit and competition work together because
a. producers always gain from competition.
b. producers compete with each other for higher profits.
c. profit is another word for competition.
d. without competition no one could make a profit.
1. Collusion- agreement between two or more people to limit competition and earn higher profits.
2. Competition- contest between rivals.
3. Customer service- service provided to consumers during and after the buying process.
4. Profit- money left after all expenses are paid.
5. Quality- degree of excellence for something, such as a product.
In an economy, there are different aspects of which makes it work. And some of the terms used in an economy are-
1. Collusion is used when there is an agreement between different parties so that there is a limitation in the competition and earning of higher profits in the business.
2. Competition is when two or more parties vie for a higher profit or popularity. This attribute to be larger or better than the others is a competition.
3. Customer service is the service or help provided by companies or businesses to their customers during and after the buying process.
4. Profit is the 'excess' money left after all form of payment/ expenditure is made.
5. Quality of a product or anything is the level of excellence that is found or expected in it, be it a product or a service.
It's because limited powers of government ensures that there is no misuse of power for profit making business because it will not help them achieve economic goals and community property distributes the equal shares among workers and economic freedom provides the company to have freedom to expand its community business so that profit making businesses can stop
Answer is in a photo. I couldn't attach it here, but I uploaded it to a file hosting. link below! Good Luck!
Competitive equilibrium is achieved when profit-maximizing producers and utility-maximizing consumers settle on a price that suits all parties. At this equilibrium price, the quantity supplied by producers is equal to the quantity demanded by consumers.
read this excerpt from “incidents in the life of a slave girl.”
i went about my evening work with trembling steps. mr. flint twice called from his chamber door to inquire why the house was not locked up. i replied that i had not done my work. "you have had time enough to do it," said he. "take care how you answer me! "
i shut all the windows, locked all the doors, and went up to the third story, to wait till midnight. how long those hours seemed, and how fervently i prayed that god would not forsake me in this hour of utmost need! i was about to risk everything on the throw of a die; and if i failed, o what would become of me and my poor children? they would be made to suffer for my fault.
at half past twelve i stole softly down stairs. i stopped on the second floor, thinking i heard a noise. i felt my way down into the parlor, and looked out of the window. the night was so intensely dark that i could see nothing. i raised the window very softly and jumped out. large drops of rain were falling, and the darkness bewildered me. i dropped on my knees, and breathed a short prayer to god for guidance and protection. i groped my way to the road, and rushed towards the town with almost lightning speed.
what is the main idea of this excerpt?
harriet worked for a man called mr. flint who became very impatient when she did not finish her work.
harriet waited until after midnight to run down the stairs and jump out of a window into the rain.
harriet was a frightened young girl who found the faith and courage to leave her home for an unknown life.
harriet felt very nervous about running away because she did not like being alone in the darkness.
can you type the questions out? we cant really see anything
a. producers always gain...