Question

a) Identify a concept of Monopoly?

b) How this concept can help you to identify the root causes of a local/global problem?

(c)How this concept can help you to understand a business practice from a firm?

d) How this concept can help you to understand a cultural norm, tradition, or institution in society?

Answer 1

; is the the enclusive Economic Science, inve concept of monopo poly? monopoly, say's the di the dictionan ctionary of a Person Corporation oft-State to sell a particular Commodity economic aspects of this regay night, sound that hat they all nesolved into the implication of the power of the monopolist distingur ished from a sellen it to to decide how much they will at that Arice or alternal deude the quantity he will sell, by so fining Price as to induie buyers to purchase Just themselves as the buyers buy altennarely, to The. this quantity the challenges A Froot cause analysis helps to identify Program should address to reach its Vironi ŠBCC strategies that adress the obvious or most visible only of a problem are not litery to succed. For enample, family planning raises Women's knowle Campaign that only aspects wedge

Wil jik not result in deusion makers use IC ebs erstanding mother in law are the of contraceptives will likely increased family planning use of husbands on Prime marry regarding family planning All businesses have acce to an extensive Pool of knowledge. Whether this is their und- Of customers needs and the busine- ss environment or the skills on the skills and enpe- rience Of Starf. way a business and emploits this knowledge Can be central to its to devor This ability Lucessing does't Just apply huge muitinational ment can benefit every one from a local newsstand to a manufacturing fiam This guide explains the basic basic sources of know lowledge available business, how you best harness and exploit this inforum- The gathens, Shares to Companieb, knowledge manage to your can ation

a ☺ As you recall from earlier modules cuitentes describes group's Shared norms and values Where as Society describes a of a group People who defineol live in a geographical canea, and who interact with orie another and Share a comman culture For enampie. the united states is a that society elompasses many cultures. social institution are mechanisms On pattern of sociai Order Focused on social needs, meeting ecor some health Carei and and re mengion. Sociolo logico methods focus on enamining social institutions over time on Compane them to social institutions in Other Ponts of such as eglucation, government, e gaming, health onomy the world.