By Doris RufOn Mar 14, 2019 Free Resume
Perfect competition is the opposite of a monopoly, in which only a single firm supplies a good or service and that firm can charge whatever price it wants, since consumers have no alternatives and it is difficult for would-be competitors to enter the marketplace. Under perfect competition, there are many buyers and sellers, and prices reflect supply and demand. Companies earn just enough profit to stay in business and no more. If they were to earn excess profits, other companies would enter the market and drive profits down.
Where a medical condition makes it impossible to comply with this notice period, or the date of the adopted child’s placement was not foreseeable, the employee should give written notice at the earliest possible date. In either case the notice period should provide the expected starting and ending dates of the leave required and should be directed to the head of Human Resources.
Governments play a vital role in market formation for products by imposing regulation and price controls. They can control entry and exit of firms into a market by setting up rules to function in the market. For example, the pharmaceutical industry has to contend with a roster of rules pertaining to research, production, and sale of drugs.
90 out of 100 based on 719 user ratings
313 Facebook Shares
160 Twitter tweet
422 Pinterest Pins
194 Google+ Shares
184 Thumblr Shares
80 Linkdkn Shares
© 2011 - 2019 Reachforyou.org. All rights reserved.