Describe the business environment in the city or country that you live in. You should explain whether the business environment encourages or inhibits business activity. Justify your view with the use of examples. In addition, you should examine four different industries and describe the type of market structure that exists in each of these industries. You should explain whether there is much or little competition and why? Based on your answers above, discuss the effects that the above business environment has on consumers and society in general.

Q: What is an emerging industry? What is the primary opportunity available to entrepreneurial firms in…

A: Emerging industry A group of enterprises in an area of business developed around a novel product or…

Q: Question 7: A Few Principles Answer with True or False for each of the questions below and explain…

A: 1. Scarcity is the natural phenomena, it means no one can eliminate the scarcity from this world…

Q: Which of the following is non-rivalrous and does not have to suffer from diminishing returns? O a.…

A: Diminishing returns define the phenomenon where the marginal output of a production factor decreases…

Q: 25. Compared with the effect of growth in population and resulting changes in its structure, growth…

A: Question 25 How does growth in per capita income influence demand for food?Question 26 Identify…

Q: Why is high productivity important for a nation?

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: The government will not set artificial rates on products.

A: In case of a market failure, the government intervenes in the market and sets an artificial price in…

Q: Q: What approach did the government take regarding the econor nd business in the 1920's? elect one:

A: 1920s period was marked by the economic fluctuations throughout the world.

Q: Which line on the Circle Flow Model best represents Victoria working at the mall? O Line 1 O Line 2…

A: Circular flow of income is used to represent the exchanges taking place between different sectors of…

Q: 6. Study Questions and Problems #6 Which of the following accurately explain why Karl Marx believed…

A: a. Incorrect: The principle is associated with communism, not capitalism. Marx believed that…

Q: If someone was to conduct a study in the field of microeconomics, which of the following questions…

A: Economics is a social science that studies people's decision-making processes when faced with many…

Q: Which of the following description best characterizes capitalsm? a)Society decides what,how and for…

A: There are three types of economic systems which are: Capitalist Economy Socialist Economy Mixed…

Q: 1. According to Paul Hawkins, why is it no longer plausible for corporations to pursue the maxim…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: a.Discusses the principles of individual decision making with examples   b.Explain with your own…

A: a. To understand how decisions are made and how these decisions affect use of resources. We must…

Q: Wise leaders know that the key to balancing innovation and execution skills in a team or company is…

A: Concerning contrasts of group techniques that are utilized, a revelation-driven group will be…

Q: Business in 2022 is operating in a complex, uncertain, and constantly changing context. From digital…

A: By developing a culture that prioritises sustainability, adaptability, and inclusivity, leaders may…

Q: 1. Think of some new products, or techniques of production, that have been developed over the last…

A: Innovations are part of development in an economy. Due to innovations, new technologies are…

Q: (6) List and describe the 4 types of economic systems. I your description, be sure to define what an…

A: 6)4 types of economic system a)Planned economic system b)Unplanned economic system c)Mixed economic…

Q: Q: What contributed to the growth in business in the 1920's? Select one: a. the Federal Reserve kept…

A: Economic growth is the objective of each and every country. It refers to the consistent rise in GDP…

Q: Question 17 A farmer can make accounting profits $80,000 per year planting corn, $60,000 per year…

A: Opportunity cost refers to the cost of a foregone opportunity. The cost involved when an opportunity…

Q: Willingness to Pay and Ability of Pay are most related to which fundamental question about a…

A: Under a competitive market system, the central question of "Who is to receive the output?" is…

Q: Micro economics is the study of economy-wide phenomena, including inflation, unemployment, and…

A: Microeconomics is a branch of economics that studies the factors like the behavior of individual…

Q: Manisha could work for another firm making $10,000 per month, but she decides to open her own…

A: Economic profit or loss is the difference between the revenue received from the sale of an output…

Q: 6. In the country Gamma, it takes 6 hours to produce 1 automobile and 1 hour to produce a bale of…

A: A country or an individual is said to have a comparative advantage if it can produce the good at a…

Q: 1. Briefly explain what the term "agglomeration economies" refers to and briefly describe what…

A: 1) A localized economy known as an agglomeration of economies is one in which a significant number…