Market Structure & Circular Flow

This Market Structure provides equal footing competition for players with identical supplies or products.

• Pure Competition

• Oligopoly

• Monopoly

• Monopolistic Competition

This Market Structure protects patents and copyrights that ensure quality and a safe supply chain.

• Pure Competition

• Oligopoly

• Monopoly

• Monopolistic Competition

This Market Structure is involved in a direct or indirect agreement to charge a common price for their product. This prevents consumers to avail of cheap yet quality products.

• Pure Competition

• Oligopoly

• Monopoly

• Monopolistic Competition

This Market Structure provides a variety of commodities that allows flexibility in pricing as well as meeting people’s demands and supplies.

• Pure Competition

• Oligopoly

• Monopoly

• Monopolistic Competition

This refers to the degree of competition that encompasses different characteristics of the economy.

• Market Elasticity

• Market Structure

• Market Equilibrium

• Market Competition

This describes the perpetual interaction of income and expenditures in a productive economy.

• Elasticity of Economy

• Structured Economy

• Circular Flow of Economy

• Circular Flu of Economy

This stimulates economic activities by providing investments, loans, insurances, and government bonds.

• Firms

• Government

• Financial Markets

• Foreign Sector

It is responsible for turning raw resources into furnished materials that can be purchased by consumers in the market.

• Firms

• Government

• Financial Markets

• Foreign Sector

Comparative advantage allows countries to produce a distinct product at a cheaper cost but with the possibility of profiting in foreign trade. This is best applied in what sector.

• Firms

• Government

• Financial Markets

• Foreign Sector

Tax is collected based on one’s willingness and power. For example, a politician, since powerful, can choose not to pay tax yet assumes greater authority.

• True

• False

• Maybe

• Very Wrong