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1. To earn more profit the firm has to vary its technology. 2. The commodity is too expensive to be in large demand.
3. To increase their earnings they made this innovation.
4. It is important not to destroy the advantages of a monopoly.
5. They set the target to achieve.
6. Durable goods are goods to be used in production in future or to be consumed over a long period of time.
7. Stabilization policy is government actions to control the level of output in order to keep the GNP close to its full-employment level.
8. Although money is a helpful tool to measure output, there may arise certain difficulties.
9. Acting through their governments, societies can decide how much they want to take measures to change the distribution of income.
10. The amount of information to be used in measuring the GNP is enormous.

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brussina5563
brussina5563
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