when a market matures and a product is standardized in the market across advanced
nations
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when a market matures and a product is standardized across advanced
nations (U.S., China, Japan, etc.) on the market the main competitive
weapon becomes the price. The price would then delegate who profits
from what. Because I know I can go down to Japan and get it for cheaper
macroeconomics
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macroeconomics studies national economies
, monopsony
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monopsony is when there is only one buyer of a good
Opportunity Cost
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Opportunity cost refers to the economic cost of production. This is the
relationship between "scarcity and choice"
microeconomies
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microeconomics study the behavior of individual people and individual
firms
elastic on a demand curve above a mid-point line
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Demand is elastic above the mid-point on a straight line demand curve
nations
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when a market matures and a product is standardized across advanced
nations (U.S., China, Japan, etc.) on the market the main competitive
weapon becomes the price. The price would then delegate who profits
from what. Because I know I can go down to Japan and get it for cheaper
macroeconomics
Give this one a try later!
macroeconomics studies national economies
, monopsony
Give this one a try later!
monopsony is when there is only one buyer of a good
Opportunity Cost
Give this one a try later!
Opportunity cost refers to the economic cost of production. This is the
relationship between "scarcity and choice"
microeconomies
Give this one a try later!
microeconomics study the behavior of individual people and individual
firms
elastic on a demand curve above a mid-point line
Give this one a try later!
Demand is elastic above the mid-point on a straight line demand curve
