Capitalism's biggest enemy is Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a government. b monopoly. c market failures. d competition.
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- What are the concepts, reasons and effects of market failure?Write a sentence or two defining the following terms in your own words. Give examples of each. a. Scarcity b. Substitute Goods c. MonopolyBecause of the poor quality ......customers stopped buying it A-initiative B-staff C-tender D-merchandise
- Putting Virtual Reality on the Market: Is It Possible?What are the concepts, reasons and effects of market failure? Note: list them down.QUESTION 1 Choose the most correct answer to the following questions/phrases. Only write down the question number and the letter of your answer. 1.1 economy. (1) 1.1.1 Communism and Socialism are both examples of a A Planned Market C Mixed Open 1.1.2 In a economy various aspects of production are determined by supply and demand. (1) Planned Market Mixed Оpen 1.1.3 An unfair and unethical phenomenon that does not occur in planned economies. (1) Social grants Over-development B. Monopolies Unemployment benefits 1.1.4 In a economy consumer demand is predictable and controllable. (1) A Planned B. Market Mixed Open 1.1.5 The flow of goods, services and knowledge over international borders. (1) Expansion B. Globalisation Free flow D. Customs [5]