Define Undercut In Economics

To sell at a lower price than or to work for lower wages or fees than a competitor. Undercut definition to cut under or beneath.

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Protracted crises violent conflicts natural disasters persistent poverty epidemics and economic downturns impose hardships and undercut prospects for peace stability and sustainable development.

Define undercut in economics. To create an overhang by cutting material. To sell at a lower price than or to work for lower wages or fees than a competitor. To make a cut under or below.

Which outlawed trustsmonopolies. To make something weaker or less effective. If goods or services were purchased on credit the invoice usually specifies the terms of the.

Economics definition is - a social science concerned chiefly with description and analysis of the production distribution and consumption of goods and services. 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. To diminish or destroy the province or effectiveness of.

To sell at a lower price than or to work for lower wages or fees than a competitor. The partnership between the United States and. The partnership between the United States and.

To make a cut under or below. A welfare economics gives a privileged and enslaved status to a segment of the population. 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.

This implies that the price one cent above MC is now an equilibrium. To diminish or destroy the province or effectiveness of. 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.

To create an overhang by cutting material. English Language Learners Definition of undercut. 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.

An invoice is a commercial document that itemizes a transaction between a buyer and a seller. If prices are discrete for example have to take integer values then one firm has to undercut the other by at least one cent. The American Negro under slavery existed in a welfare economy because slavery is a form of welfare economics.

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. The possession of slaves gave social status but it was not an economic asset. 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 diminish or destroy the province or effectiveness of. To create an overhang by cutting material. How to use economics in a sentence.

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. To offer to sell things or work for a lower cost than another person or company. Often these areas are not being effectively supported through the actions of the general economy or may be undercut by activities in rival economies.

Again America gives us a familiar and telling illustration. The partnership between the United States and. A company which initially agrees to take part in a collusion agreement may defect and undercut the profits of the remaining members.

To make a cut under or below.

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