Economics of Enterprise Answers

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Discuss in detail about the effect of tariff on a large country and developing country.

The forecast is underpinned by the ability of the internet to replace the conventional international marketplace of production and cross-border exchange of products into virtual space. This leads investors to reduce their investment in foreign countries, which affects both employment and economic development. Suggest possible sustainable solution for this challenge.

Discuss in detail about the effect of tariff on a large country and developing country.

When businesses produce goods and services that consumers do not want

What is the significance of price elasticity of demand to a producer

Why is price discrimination not possible under perfect market conditions

when demand is unit elastic

why are relative prices important in the economy

The market for chicken restaurants, like KFC, Chicken Licken and Nandos, are said

to be within the category of monopolistic competition. Examine this market for

characteristics and behaviours that link them to this type of market structure