Monopoly and Oligopoly Essay The Main characteristics of an oligopoly are that the supply of a product or products is concentrated in the hands of a few large suppliers‚ there could be thousands of small suppliers but the market is mainly dominated by around 4 or 5 large firms. For example firms Tesco‚ Asda‚ Sainburys and Morrisons‚ these are the 4 main supermarkets in the UK but there are thousands of small corner shops who provide some of the same goods the supermarkets do. Another characteristics
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Electricity Electricity: The Mysterious Force What exactly is the mysterious force we call electricity? It is simply moving electrons. And what exactly are electrons? They are tiny particles found in atoms. Everything in the universe is made of atoms—every star‚ every tree‚ every animal. The human body is made of atoms. Air and water are‚ too. Atoms are the building blocks of the universe. Atoms are so small that millions of them would fit on the head of a pin. Atoms are made of even smaller
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Theory Notes Task: Output Devices Make sure that you are familiar with all of the information detailed in this booklet. There are a number of tasks for you to carry out‚ be sure to read the information fully whilst completing the tasks. You could be asked about any of this in the test! Use the theory notes in from the teach-ict.com site to help you complete this booklet. TASK 1: OUTPUT DEVICES Output devices let you see data that has been processed or is stored on the hard disk
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of a computer system. A central processing unit (CPU)‚ also referred to as a central processor unit‚ is the hardware within a computer that carries out the instructions of a computer program by performing the basic arithmetical‚ logical‚ and input/output operations of the system. In the computer industry‚ the terms computer and CPU are often used interchangeably. Computing power starts with the most limited microcomputers which are laptop computers‚ netbook computers‚ PDAs and cell phones and increases
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OUTPUT DEVICES Output devices are things we use to get information OUT of a computer. Here are some examples of output devices:- Monitor George Doyle/Stockbyte/Getty Images The most common computer output device is the monitor or computer screen. Monitors create a visual display from processed data that users can view. They come in a variety of screen sizes and visual resolutions. There are two types of computer monitors‚ CRT and flat panel. CRT monitors use phosphorescent dots to create the
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Other than the monitor‚ we also have the printer which is also an output device. A printer generally translates information that has been processed by the system unit and presents the information on paper. As students‚ we really benefit from such device for in times of projects‚ reports‚ and assignments we greatly rely on such output which we refer to as hard copy. There are five features of a printer ---- its resolution‚ color‚ speed‚ memory and duplex printing. Resolution is the measure of the
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Monopolies‚ Oligopolies and the Economy Monopoly is a term to describe an industry where a seller of a product or service does not have a competitor offering a close substitute. The word is derived from the Greek words monos (meaning one) and polein (meaning to sell). Rarely does a pure monopoly exist. In a pure monopoly there is only one company making and selling the item in question; however there can also be the situation where there is one company who has the bulk of sales and the other
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Cartel Theory of Oligopoly A cartel is defined as a group of firms that gets together to make output and price decisions. The conditions that give rise to an oligopolistic market are also conducive to the formation of a cartel; in particular‚ cartels tend to arise in markets where there are few firms and each firm has a significant share of the market. In the U.S.‚ cartels are illegal; however‚ internationally‚ there are no restrictions on cartel formation. The organization of petroleum-exporting
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OUTPUT DEVICE What are OUTPUT DEVICES? Output devices are hardware devices that display or present information to the user or other people. The monitor‚ printer and the speaker are one of the examples. PRINTER It is a computer device that produces a permanent copy on paper of information from the computer. There are several kinds of printers: ink jet‚ dot-matrix and laser jet printers. DOT MATRIX PRINTER Prints by hammering or striking an ink-soaked cloth ribbon against a paper. The advantage
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