How Does Monopoly Affect the Business and Consumer? As the only producer of a particular service or product, monopoly firms face no price restrictions and no competition. A monopoly firm makes use of acquisitions, mergers, and patents to acquire industry dominance and also prevent any market entry. If the monopolies are left unregulated and unmonitored, […]
What Is the Difference Between Flue Outlet and Chimney?
What Is the Difference Between Flue Outlet and Chimney? In this post, we compare and contrast the flue and chimney systems in terms of standards, maintenance, and planning. They two can both be used as gas appliances. Chimney and flue systems are an essential part of the appliance’s installation. It is vital that you understand […]
Does The EPA Certified Really Required For Your Wood Stove?
Wood burning stoves work with the emission of unhealthy gasses and other air particles. If the emissions are unattended, they can harm both the environment and humans. For everyone to ensure proper use of the woodstove, the Environmental Protection Agency demands that all wood stove owners & technicians should have the proper certifications. Apart from […]
What Does Monopoly Mean?
What Does Monopoly Mean? A monopoly exists in a case where a specific enterprise of a person is the sole supplier of a particular commodity. And it is the direct contrast of monopsony. Monopsony relates to a single firm controlling the market to buy a service or good. However, a monopoly is also different from […]
What Does EPA Mean? What Do They Do?
What Does EPA Mean? What Do They Do? The EPA (Environmental Protection Agency) was started way back in December 1970 by Richard Nixon. President Richard Nixon gave an executive order for the establishment of the agency. It is a group in the United States that works as an arm of the federal government. And its […]