Register, ask, and answer questions to earn more points and privileges. Some features are disabled for users with few points.
Challenges that will face consumers in a monopoly market structure are;Being overcharged/overpricing.Low quality commodities.Short supplyMonopolist being insensitive to their demands
Factors that may lead to an increase in the net national product include;Labour supply - Where the country with more skilled personnel would be expected to produce more since they employ concept of specialization.Capital - Whereby the country that uses modern equipment such as tractors in ploughing would be able to produce more and quality goods and services.Entrepreneurship - where factors that are organized in the correct portions, Output is likely to increase thereby increasing nation income.Level of technology - Use of modern technology led to faster /efficient production hence the higher the output hence national income.Foreign investment which increase production of goods and services that can save on importation.Decrease in size of subsistence sector- which led to majority of population to engage in indirect production hence increases the country's national income.Attitude of citizens towards work - where hard working citizens will work for long hours hence register high level of national income.
Tools that can be used to assemble a jembe are;Cross cut sawSpoke shaveWood raspMallet
Equipments that can be used in a school to reproduce exams are;DuplicatorPrinterPhotocopier
Factors that may reduce the supply of cabbages Include;Fall in price of cabbagesUnfavourable government policy e.g. reduction in subsidy.Unfavourable natural factors e.g. poor climate / weather.Increased cost of production of cabbages.Non-availability of inputs e.g. fertilizers.Difficulty for other firms to enter industry.Use of poor methods of technology e.g. instead of using herbicides one uses normal weeding.When the price of cabbages is expected to rise in future.