Slide 1 HOW DO YOU DEFINE MANAGEMENT? WORKING TOGETHER FOR A COMMON GOAL COORDINATION AN ACTIVITY/ ONGOING PROCESS AN ART OF GETTING THINGS DONE BY OTHER PEOPLE 1 THE FOCUS…
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1. ECONOMIC INSTITUTIONS Chapter 3 2. In this chapter we will: Definemarket economy . Compare and contrast socialism with capitalism. Describe how businesses, households,…
1. Definition:An economic system refers to the way in which the resources of a country are used to produce goods and services, and the manner in which these goods and…
1. MONOPOLY 2. Monopoly - Refers to the form of market organization in which there is a single seller of a product without close substitute. - Characterized by an absence…
1. Consumer Behaviour 2. What is Consumer Behaviour? Those activities directly involved in obtaining , consuming and disposing of products and services, including the decision…
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1. Welcome topic: “ Monopoly market” By Andrews 2. What is monopoly market? Monopoly is simply a market with only one seller and no close substitutes for that seller’s…