Edward Chamberlin e have so far considered two distinctly different market structures: perfect competition, characterized by producers that cannot influence price at all because of extreme competition; and pure monopoly, in which there is only one producer of a product with no close substitutes and whose market is protected by prohibitively high barriers to entry. ... McDonald's Corporation competes with Burger King Corporation, Hardees, and a lot of other burger franchises, as well as with Pizza Hut, Popeye's Fried Chicken, and Long John Silver's. ... In the long run, al...

• Word Count: 803
• Approx Pages: 3
• Grade Level: High School

In past times it made sense for economists to take the national economy as their main point of reference, yet this is no longer the case. ... Manufactured goods that are traded in the market no longer originate in one particular country. ... Because of the ease of communication and nonexistent trade barriers, products are now produced in Third World countries for minimal cost and shipped throughout the world to consumers for far less than in years past. ...

• Word Count: 1065
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• Grade Level: High School

Now, there is no way of knowing if there is someone that could be more suited for our personality or better for us. ... Now let's consider the benefits of spending all that money on new outfits and gifts, and of that time we devoted to getting ready and going on a gazillion dates for so long, to see if they outweigh the costs. ... For this part of our analysis we will assume the relationships we are talking about are serious, long term and potentially marriage material ones were both of the participants are equally committed. ...

• Word Count: 2410
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• Has Bibliography
• Grade Level: High School

Unpaid work was no longer viewed as economic production. ... At this time men's paid work was viewed as valuable while women's work was no longer viewed as economic. ... Now women could pursue careers and be at ease that their children were being cared for in a safe environment. ... Some decided to have no children at all, this could have beet attributed to a number of factors including the pursuit of a career. ...

• Word Count: 3329
• Approx Pages: 13
• Has Bibliography
• Grade Level: High School

This not only encourages foreign investment but also maintain existing economic policies for long-term benefits. ... Countries facing financial strains due to unfavorable economic conditions have no alternative but to devalue its currency so as to push up its exports earnings and simultaneously to decrease imports. ... Simply it can be easily deduced from the standing facts that when a country's exports remain stagnant and does not rise even after taking necessary steps for its promotion and whose imports continue to rise dislocating the balance of payment position and widening the curren...

• Word Count: 2476
• Approx Pages: 10
• Has Bibliography
• Grade Level: High School