What is oligopoly and its characteristics?

What is oligopoly and its characteristics? An oligopoly is an industry which is dominated by a few firms. In this market, there are a few firms which sell homogeneous or differentiated products. Also, as there are few sellers in the market, every seller influences the behavior of the other firms and other firms influence it. […]

Why is hypertension coined as silent killer?

Why is hypertension coined as silent killer? High blood pressure, or hypertension, is a dangerous condition that affects approximately 30 percent of Americans, causing up to 60,000 deaths per year. High blood pressure is often called “the silent killer” because it typically has no symptoms until after it has done significant damage to the heart […]

What are Countercultures in sociology?

What are Countercultures in sociology? Counterculture-A group whose values and norms deviate from or are at odds with those of dominant culture: –Usually viewed as negative/dangerous, but not always. What makes a counterculture different from a culture? A counterculture is a culture whose values and norms of behavior differ substantially from those of mainstream society, […]

What are the causes of underdevelopment in third world countries?

What are the causes of underdevelopment in third world countries? Unfair trading practices and insufficient aid are both causes of underdevelopment. The system of international trade developed under imperialism, whereby developing countries export cheap raw materials and import expensive finished products persists to this day. What are the problems of Third World countries? Corruption, poverty, […]

What was the Tax Reduction Act?

What was the Tax Reduction Act? The United States Revenue Act of 1964 ( Pub. L. 88–272), also known as the Tax Reduction Act, was a tax cut act proposed by President John F. The act cut federal income taxes by approximately twenty percent across the board, and the top federal income tax rate fell […]

What symbolizes the ending of the Cold War?

What symbolizes the ending of the Cold War? The fall of the Berlin Wall in November 1989 symbolized the end of the Cold War, the collapse of European Communist governments and graphically ended the Iron Curtain divide of Europe. What two things signified the end of the Cold War? The main events that marked the […]

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