The Meaning of Competition A perfectly competitive market has the following characteristics: – There are many buyers and sellers in themarket

Monopoly While a competitive firm is a price taker, amonopoly firm is a price maker. A firm is considered a monopoly if . . . – it is the sole seller of its product. – its product does not have close substitutes

Market Efficiency-Market Failure Recall that: Adam Smith’s “invisible hand” of the marketplace leads self-interested buyers and sellers in a market to maximize the total benefit that society can derive from a market

Interdependence and Trade Consider your typical day: – You wake up to a alarm clock made in Wenzhou – You put on some clothes made of cotton grown in Xinjiang and sewn in factories in Fujian Province

A firm, using two inputs K and L to produce one product, whose production function is 2 / 5 3/ 5 Q = 25L K

Factors of Production Factors of production are the inputs used to produce goods and services

Efficiency v. Equity – Efficiency means society gets the most that it can from its scarce resources. – Equity means the benefits of those resources are distributed fairly among the members of society

第一节 制造业企业 第二节 资金筹集业务的核算 第三节 供应过程业务的核算

第一节 会计账簿的意义与种类 第二节 账簿的设置与登记 第三节 账簿的登记规则与错账更正方法 第四节 结账与对账

第一节 财产清查概述 第二节 财产清查的内容和方法 第三节 财产清查结果的处理