A monopolist is a price searcher, meaning that it seeks to charge the price consistent with the production level that maximizes its economic profits. A monopolist maximizes its profits by producing to the point at which marginal revenue equals marginal cost. What is a monopolist’s profit? A monopolist calculates itsRead More →
Sport sanctions. … Sanctions on individuals. … Sanctions on the environment. … Support for use. What are the types of economic sanctions? Economic sanctions may include various forms of trade barriers, tariffs, and restrictions on financial transactions. An embargo is similar, but usually implies a more severe sanction, often withRead More →
Transportation. Aviation. Telecommunication. Power supply. Education system (research and development) Banking system. Hospitals. Trade, etc. What is the importance of economic infrastructure? Economic infrastructure definitely ensures the mobility of labour and capital within/from the economy. It results in the overall growth of towns and cities. Infrastructures provide for a lotRead More →