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- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/11%3A_Monopoly/11.2%3A_Barriers_to_Entry%3A_Reasons_for_Monopolies_to_ExistControl over a natural resource that is critical to the production of a final good is one source of monopoly power.
- https://socialsci.libretexts.org/Bookshelves/Economics/International_Trade_-_Theory_and_Policy/06%3A_Economies_of_Scale_and_International_Trade/6.1%3A_Chapter_OverviewHowever, since all these types are generally aggregated into one export or import category, it could appear as if the countries are exporting and importing “identical” products when in actuality they ...However, since all these types are generally aggregated into one export or import category, it could appear as if the countries are exporting and importing “identical” products when in actuality they are exporting one type of steel and importing another type. Nevertheless, it is possible to explain intraindustry trade in a model that includes economies of scale and differentiated products even when there are no differences in resources or technologies across countries.
- https://socialsci.libretexts.org/Courses/Prince_Georges_Community_College/ECN-1050%3A_Principles_of_Microeconomics/01%3A_Welcome_to_Economics/1.02%3A_What_Economics_Is_and_Why_It's_ImportantEven a relatively simple business like a restaurant divides up the task of serving meals into a range of jobs like top chef, sous chefs, less-skilled kitchen help, servers to wait on the tables, a gre...Even a relatively simple business like a restaurant divides up the task of serving meals into a range of jobs like top chef, sous chefs, less-skilled kitchen help, servers to wait on the tables, a greeter at the door, janitors to clean up, and a business manager to handle paychecks and bills—not to mention the economic connections a restaurant has with suppliers of food, furniture, kitchen equipment, and the building where it is located.
- https://socialsci.libretexts.org/Bookshelves/Communication/Intercultural_Communication/Intercultural_Communication_for_the_Community_College_(Karen_Krumrey-Fulks)/01%3A_Chapters/1.11%3A_BusinessCulture matters. We must understand the concept of culture and its characteristics so we can appreciate the impact of our specific cultural background on our own mindset and behavior, as well as those...Culture matters. We must understand the concept of culture and its characteristics so we can appreciate the impact of our specific cultural background on our own mindset and behavior, as well as those of colleagues and customers. According to Hirsch (1987), business literacy requires more than knowing how to read, it also requires a certain level of comprehension of background information about the culture.
- https://socialsci.libretexts.org/Courses/Diablo_Valley_College/Econ_101%3A_Economics_of_Public_Issues_(Sorce)/08%3A_Monopoly_Power/8.03%3A_Antitrust_Laws/8.3.01%3A_Prelude_to_Monopoly_and_Antitrust_Policy/8.3.1.01%3A_Monopoly_in_Public_PolicyA monopoly can diminish consumer choice, reduce incentives to innovate, and control supply to enforce inequitable prices in a society.
- https://socialsci.libretexts.org/Courses/Bakersfield_College/Intercultural_Communication_(Pruett-Bakersfield_College)/10%3A_Intercultural_Communication_in_Context/10.02%3A_BusinessFor example, Stolichnaya vodka, originally made from grains grown in Russia, uses Latvian spring water, is filtered, blended, and bottled in Riga, the capital of Latvia, is sold throughout the world i...For example, Stolichnaya vodka, originally made from grains grown in Russia, uses Latvian spring water, is filtered, blended, and bottled in Riga, the capital of Latvia, is sold throughout the world in bottles made in Poland and Estonia, and is sealed with caps made in Italy? Work is generally known as an effort directed to produce or accomplish something, and can be comprised of the types of work, the division of work, along with work habits and practices of a culture.
- https://socialsci.libretexts.org/Under_Construction/Purgatory/Workshops/4CD_OER_Hackathon/delmar/1%3A_Welcome_to_Economics/1.2%3A_What_Economics_Is_and_Why_It's_ImportantEven a relatively simple business like a restaurant divides up the task of serving meals into a range of jobs like top chef, sous chefs, less-skilled kitchen help, servers to wait on the tables, a gre...Even a relatively simple business like a restaurant divides up the task of serving meals into a range of jobs like top chef, sous chefs, less-skilled kitchen help, servers to wait on the tables, a greeter at the door, janitors to clean up, and a business manager to handle paychecks and bills—not to mention the economic connections a restaurant has with suppliers of food, furniture, kitchen equipment, and the building where it is located.
- https://socialsci.libretexts.org/Bookshelves/Economics/Managerial_Economics_Principles_(LibreTexts)/04%3A_Cost_and_Production/4.02%3A_Long-Run_Average_Cost_and_ScaleThe production level at which the long-run average cost curve flattens out is called the minimum efficient scale. (Since the business is able to adjust all factors of production in the long run, it ca...The production level at which the long-run average cost curve flattens out is called the minimum efficient scale. (Since the business is able to adjust all factors of production in the long run, it can effectively rescale the entire operation, so the target production level is sometimes called the scale of the business.) In competitive seller markets, the ability of a firm to achieve minimum efficient scale is crucial to its survival.
- https://socialsci.libretexts.org/Bookshelves/Economics/Principles_of_Macroeconomics_3e_(OpenStax)/01%3A_Welcome_to_Economics/1.02%3A_What_Economics_Is_and_Why_is_it_ImportantEsther Duflo, who is the youngest person and second woman to win the Nobel Prize in Economics, said, "We believed that like the war on cancer, the war on poverty was not going to be won in one major b...Esther Duflo, who is the youngest person and second woman to win the Nobel Prize in Economics, said, "We believed that like the war on cancer, the war on poverty was not going to be won in one major battle, but in a series of small triumphs. . . . This work and the culture of learning that it fostered in governments has led to real improvement in the lives of hundreds of millions of poor people.”
- https://socialsci.libretexts.org/Bookshelves/Economics/Principles_of_Macroeconomics_3e_(OpenStax)/20%3A_International_Trade/20.04%3A_Intra-industry_Trade_between_Similar_EconomiesAs indicated in the beginning of the chapter, producing the iPhone involves designing and engineering the phone in the United States, supplying parts from Korea, assembling the parts in China, and adv...As indicated in the beginning of the chapter, producing the iPhone involves designing and engineering the phone in the United States, supplying parts from Korea, assembling the parts in China, and advertising and marketing in the United States.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/11%3A_Monopoly/11.6%3A_Monopoly_in_Public_PolicyA monopoly can diminish consumer choice, reduce incentives to innovate, and control supply to enforce inequitable prices in a society.
