How New Technology Affects Market Equilibrium in Perfect Competition The introduction of new technologies can change market conditions and influence competition. Market equilibrium adjusts according to the overall effects of newly introduced technologies. The introduction of the new technology … Read more >>
Government Regulations on Economic Enterprise Governments develop and enact regulations to optimize economic performance. Regulatory action may directly or indirectly target and influence specific economic enterprise. These regulations include minimum wage laws, tariffs, nontariff quotas, … Read more >>