Define Undercut In Economics

12 mars, 2021

Often these areas are not being effectively supported through the actions of the general economy or may be undercut by activities in rival economies. If the other firm sets the price one cent above MC the other firm can undercut it and capture the whole market but this will earn it no profit.

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If goods or services were purchased on credit the invoice usually specifies the terms of the.

Define undercut in economics. Economics definition is - a social science concerned chiefly with description and analysis of the production distribution and consumption of goods and services. The partnership between the United States and. To create an overhang by cutting material.

To diminish or destroy the province or effectiveness of. A company which initially agrees to take part in a collusion agreement may defect and undercut the profits of the remaining members. Again America gives us a familiar and telling illustration.

To sell at a lower price than or to work for lower wages or fees than a competitor. To diminish or destroy the province or effectiveness of. How to use economics in a sentence.

English Language Learners Definition of undercut. To create an overhang by cutting material. The possession of slaves gave social status but it was not an economic asset.

To make a cut under or below. To create an overhang by cutting material. The partnership between the United States and.

The partnership between the United States and. Predatory pricing is a pricing strategy using the method of undercutting on a larger scale where a dominant firm in an industry will deliberately reduce its prices of a product or service to loss-making levels in the short-term. A price war is a competitive exchange among rival companies who lower the price points on their products in a strategic attempt to undercut one another and capture greater market share.

The American Negro under slavery existed in a welfare economy because slavery is a form of welfare economics. He argues that when tax rates are raised too high they begin to undercut economic activity -- reducing the incentives to work and invest -- and thus lower the actual amount of revenue the government can receive at the higher rate. To make something weaker or less effective.

The race to the bottom refers to a competitive situation where a company state or nation attempts to undercut the competitions prices by sacrificing quality standards or worker safety often. To offer to sell things or work for a lower cost than another person or company. Protracted crises violent conflicts natural disasters persistent poverty epidemics and economic downturns impose hardships and undercut prospects for peace stability and sustainable development.

To sell at a lower price than or to work for lower wages or fees than a competitor. A welfare economics gives a privileged and enslaved status to a segment of the population. Undercut definition to cut under or beneath.

About half of the designations cover a wide variety of indicators across the three dimensions of need in a community while the DCI LICsOZs and PPTs mainly define need in economic terms. Which outlawed trustsmonopolies. This implies that the price one cent above MC is now an equilibrium.

An invoice is a commercial document that itemizes a transaction between a buyer and a seller. To make a cut under or below. In terms of monopolies an existing business with an established infrastructure has a cost advantage when producing large quantities of a given product enabling it to undercut the competition on.

To sell at a lower price than or to work for lower wages or fees than a competitor. If prices are discrete for example have to take integer values then one firm has to undercut the other by at least one cent. To make a cut under or below.

To diminish or destroy the province or effectiveness of.

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