Examlex
What are the direct and indirect effects of subsystems on each other in a family,as stated by Jay Belsky?
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.
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