Producers operating in a free market economy are more eff...
Producers operating in a free market economy are more efficient as a resulf of?
The existence of competition
The very few number of participants
The commitment of the shareholders
Government regulation of their activities
Correct answer is A
Competition leads to efficiency because businesses that have fewer costs are more competitive and make more money. Innovation is encouraged because it provides a competitive edge and increases the chance for wealth.
The Malthusian theory of population does not concern itself with ...
In a limited liability company, the greatest risk is borne by? ...
Localization of industry refers to the ...
The distinction between capital and recurrect expenditure lies in the ...
An exceptional demand curve can result from ...
The median of an odd-numbered set of scores is the ...
Palm oil industry is located in Bendel State because the state ...
A demand which gives rise to the reverse of the law of demand is__________ ...
A rational consumer will purchase a product whose price is? ...