1. A restriction that the government imposes on imports. In other words, an import limit. With this meaning, it is a form of protectionism. 2. A proportionate part or share, such as a sales quota, i.e. the target that companies’ salespeople must hit each week, month, quarter, or ye...
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In today's business environment, the tendency is towards more and more data – so much so that it's called Big Data. Managing and extracting real value from all the data that is created and stored from all the apps and systems we use is quickly becoming a "BIG" challenge facing all bu...
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Oligopolies can be created through coordination between companies. More often, though, they arise due to industry consolidation and protectionism, either due to government interference or other factors. The limited number of competitors creates an oligopoly, even if the companies aren't deliberately col...
Classic bureaucratic rigidity andprotectionismare prevalent in the U.S. government. For example, firing poor performers is difficult because there is an arduous termination process that has been put in place. Examples of Bureaucracy Examples of bureaucracy are all around us. Workplaces, schools, and...
What is protectionism? Give an example. What are the positive effects of having a price ceiling and price floor? What is contingent valuation? Give an example. What is a public good? Give some examples. What is price ceiling and what are its economic effects?
In such a closed economic system, the business advantage depends on the comparative edge of any article. Since there is zero foreign influence, it is the ultimate form of protectionism. Productivities within the same industry vary among nations, indicating that trade and specializations are partly ...
What is the validity of the most frequently presented arguments for protectionism? What are some examples of profit and wealth maximization? What are the causes of zero opportunity cost? What is the difference between trade-off and opportunity cost? Give examples of each. What are the examples ...
Right-wing populist movements generally advocate for nationalism, social conservatism, and economic nationalism—protecting the nation’s economy from foreign competition, often through the practice oftrade protectionism. Overwhelmingly conservative, right-wing populists tend to promote the distrust of science...