The great depression had affect Canada socially, as population changes occurred, as less immigrants go to canada, and birth rate changes, as well as death rates. Throughout the 1930s, Canada’s population growth reached their lowest point since the 1880s. Canada’s birth rate dropped from 13.1 live births per 1000 people in 1930 to only 9.7 per 1000 people in 1937. The lowest ratio until the 1960s. This affected the nation significantly, as the population decreases, not much children would grow up to work for the nation, thus creating less income and therefore not increasing the nation’s GDP as much as it can.
7. Organizational collectivism. 8. Hierarchy .` Candor, (2013). China interested me the most because they are business driven, China knows how to bargain, they know how to communicate with others, and they tend to constantly grow in the business area.
A monopoly is a market structure, where there is only one supplier or entity of a good or service in the market. In reality, a firm is categorised in UK as a monopoly when it has at least 25% market share (Economics Help, 2012). Monopolies can emerged from “exclusive ownership of a scarce resource, granted monopoly status by the government, exclusive patents or copyright to sell a product or protect their intellectual property” (Economics online, anon) or mergers and acquisitions to sell a good or service. One of the key characteristics for a monopoly is that the monopoly firm is a price maker because there is lack of competition. This position allows the firm to obtain abnormal profit in the long run when it operates at the profit maximising point, where marginal cost equals marginal revenue.
The article written by Thomas J. DiLorenzo entitled The Myth ofNatural Monopoly, as the title states is about unravelling and explaining the natural monopoly myth. Natural monopoly is defined as a monopoly in which only a single firm can obtain the utmost benefit from the industry it is in. This usually happens when there is an extremely high fixed cost in production. As production increases, the long run average cost of production decrease as fixed cost is spread over the units produced. It would be more beneficial for the manufactured product to be produced by only one producer since more investors would possibly bloat the price considering the high fixed cost involved in manufacturing.
This would help china get more population because the more resources that you have, the more people will want to live in China. This would again let them get even more resources, meaning they would get an even bigger population. This cycle would repeat forever if they kept being tolerant. A bigger population would allow them to get better technology. The people who go to China for the resources might have lived somewhere that was more advanced than China.
The society from which the chariot was made from shows that they were advanced militarily. The chariot was a great advancement on the field. It could be used for fast advances and fast retreats. The chariot also helped economically. The chariot was a great way of exporting and importing goods into and out of China.
That said, globalization is still a huge part in China’s development and globalization affects many different factors of the country. The factors are environmentally, economically, politically, and socially. Economically China has greatly benefited from globalization economically. This visible through it’s GDP growth. China has the second largest economy in the world followed by the U.S.
Having market power gives a firm the ability to charge higher than normal prices without losing all of its customers. Sources of Monopoly Power In general, a monopoly by one company possesses the power to create barriers to entry for competing companies in a particular market. Also, once a company has achieved a loyal following, it then becomes easy for that company to maintain control of the market. This leads to the elimination of potential competition. Barriers to entry, according to the Organization for Economic Co-operation and Development (OECD) (2007) are “impediments that make it more difficult for a firm to enter a market” (pg.
This place called Kaifeng was the basis for all the trade taking place during the time, its position offered a great advantage to connect with China, and many outsiders. During the Song dynasty, they were not looking for expansion to other territories or bonding with others, they were looking for the inner strengthening of China. This is one of the main indicators of the song dynasty, their inclination to inner development. The trading enabled success, which helped the economy rise in addition to the
Many say that there is no such thing as Natural Monopoly. It is simply because Monopoly itself is Monopoly no matter what. There is no categorizing Monopoly. Creating the theory of Monopoly does make some sense. Natural Monopolies often occur in markets for essential services which require a ton of budget and expensive infrastructure.