Production Possibility Frontier (PPF) is a graphical representation showing what an economy can produce within a fixed time period using its limited resources. It shows resources, as if they are fully and efficiently used, and how resources can be allocated between two different products. In short, Production Possibility Frontier (PPF)…

Finite resources of the planet Earth and infinite wants of human beings give rise to the economic problem. We all have infinite wants, the never-ending desire to consume goods and use services. https://www.superbusinessmanager.com/the-economic-problem/

This article reviews relationship between limited resources on Earth, human unlimited wants and scarcity which is causing the economic problem. https://www.superbusinessmanager.com/the-economic-problem/

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This article reviews relationship between limited resources on Earth, human unlimited wants and scarcity which is causing the economic problem. It talks about economic decisions, the dilemma of choice and the opportunity cost. It also explains the difference between normative statements and positive statements. https://www.superbusinessmanager.com/the-economic-problem/

Let’s take a look at several reasons for increased competitiveness of some markets throughout time. https://www.superbusinessmanager.com/why-markets-have-higher-level-of-competition-over-time/

Almost all markets have some level of competition within them. While some markets have lower level of competition, some other markets have higher level of competition. Also, some markets have been seeing a much greater increase in the level of competition over time than other markets. https://www.superbusinessmanager.com/why-markets-have-higher-level-of-competition-over-time/

Successful Marketing requires firms to understand which market they are operating in, who their consumers are and where they are located, whether the market is growing or shrinking, what the business’s share of that market is and how strong the major competitors are. https://www.superbusinessmanager.com/features-of-markets-competition/

All business organizations around the world operate in a competitive environment which is constantly changing and evolving. As there are usually many suppliers of the same product in the country, competition between the companies exists. Hence, market competition is the degree of rivalry in a particular industry. https://www.superbusinessmanager.com/features-of-markets-competition/