What is market value? A market value in accounting refers to the price an asset can fetch in the marketplace. It can imply the investment given to specific equity or a business. Another name for a market value is open market valuation (OMV). Oftentimes, a market value is used to refer to …
What is an oligopoly? The word oligopoly originated from two Greek words, oligi which means few, and polein which means to sell. It, therefore, refers to a market structure whereby there are few firms that produce and sell homogeneous or differentiated products. Under this market structure, the or sellers are few but …
The cell wall is a structural layer of a cell that is outside the cell membrane and has the primary function of providing the cell with rigidity, support, and protection from mechanical stress. The cell wall function as a filtering mechanism and this semi-rigid thick layer known as the cell wall function …
In an economy, there are different types of unemployment and they come about due to several factors. This article explains the causes of unemployment and how they result in different types of unemployment and their negative effects on an economy. What is unemployment in economics? Unemployment in economics refers to a situation …
What is a Protist? A protist is a member of the kingdom Protista which includes all eukaryotic organisms that are not plants, animals, or fungi. In microbiology Protists are simple unicellular eukaryotic organisms though some can be found as a colony of cells or in multicellular form. The majority of protists inhabit …
What is a tertiary consumer? A tertiary consumer in ecology is any organism that gets its nutrition from eating primary and secondary consumers. i.e. they feed on both members of the primary and secondary consumers in a food chain. They feeding on both secondary and primary consumers means that they can either …
Perfectly competitive market Perfect competition, also known as a perfectly competitive market or pure competition is a hypothetical market where competition is at its greatest possible level. It comes about when there is a very large number of firms or producers that produce a homogeneous product. An individual firm in perfect competition …
The Fascism vs Marxism essay aims at making comparisons and contrasts between the two economic and political systems, highlighting their pros and cons. In this article, we will analyze the similarities and differences between the two terms. Fascism Fascism is an autocratic political movement that lays more emphasis on a centralized and …