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Describe a specific aspect of development that interests you (e.g., development of speech, development of friendships, development of understanding gravity), and describe three mechanisms of change that you believe may be involved.
Creative Accounting
The manipulation of financial records and reports to give a more favorable image of a company's financial position than is justified.
Regulation
involves the establishment of rules or laws designed to control or govern conduct, typically enacted by a government body.
Natural Monopoly
A market condition where a single firm can supply a good or service to an entire market at a lower cost than what two or more companies could.
Least Cost
Refers to the most cost-effective method of producing a given level of output without sacrificing quality.
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