Explain Why Technological Progress Will,at Best,only Temporarily Allow a Perfectly

question 109

Essay

Explain why technological progress will,at best,only temporarily allow a perfectly competitive firm to earn an economic profit.

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Definitions:

Legal Right

An entitlement or permission granted by legal systems that enables an individual or entity to engage in certain actions or to be in a certain state.

Moral Right

A right based on ethical principles, often thought to be universal and inherent to the dignity of human beings.

Health Care Right

The entitlement of individuals to have access to health care services without discrimination or unnecessary barriers.

Human Right

A fundamental right that is believed to belong to every person irrespective of nationality, location, language, religion, ethnic origin, or any other status.