Who would benefit more from a purely competitive market structure, producers or consumers? Explain.

In a society with a command economy, who answers the basic economic questions?

Suppose that a firm seeks to enter a market, but it quickly realizes that its employees do not have the technical skills needed for the firm to compete in that market.  What do economists call the factor that is keeping this firm out of that market?

The key characteristic of a sole proprietorship is

Some businesses are not organized to maximize profits. Instead their goals are to work for the good of all their members or to work for the good of society in general. What types of businesses is this passage describing?

Who would benefit more from a purely competitive market structure, producers or consumers? Explain.

Purely competitive markets are

In a society with a command economy, who answers the basic economic questions?

What is the main goal of administering albuterol in an emergency situation?

When do hazardous substances become a threat to a person?