Analyst Questions

Capitalism is an economic system in which private individuals or businesses own capital goods i.e, economy is characterized by private ownership of the means of production. The production of goods and services is based on supply and demand in the general market known as a market economy and not on central planning known as a planned economy.

A monopoly firm has no well-defined supply curve. In other words, there is no unique supply curve for the monopolist derived from his MC curve.

For participating countries NAFTA called for the gradual removal of trade restrictions.

NAFTA is The North American Free Trade Agreement is a treaty signed by Canada, Mexico, and the United States, creating a trilateral trade by removing restrictions on trade in North America. It came into effect on Jan 1st 1994.

John Muir encouraged the establishment of various parks in the United States' National Park System, including the Yosemite and Sequoia National Parks.

The new King of Malaysia is Sultan Abdullah.