Identify and Give the Historical Significance of Each of the Following

question 137

Not Answered

Identify and give the historical significance of each of the following terms, events, and people in a paragraph or two.
-European Enlightenment

---

Definitions:

Contestable

A market characteristic where there are no barriers to entry or exit, allowing potential competition to challenge existing firms, keeping prices competitive.

Market

A market is any structure that allows buyers and sellers to exchange any type of goods, services, and information.

Highly Concentrated

A market or industry situation where a small number of firms hold a large market share, potentially leading to less competition.

Smart Phone Industry

The sector of the economy that is involved in the development, production, and sale of smartphones.