The economic issue in this observation involves the concept of homogeneous and differentiated product in microeconomics
According to Lindeman (2002), product homogeneity is present when the merchandise produced by companies are equivalent, the same. Homogeneous products are also a feature of perfect competition market such as wheat, grain, cooper, etc where purchasers only shoot for the cheapest goods available for sale (Lindeman, 2002).
In our circumstance, petrol and liquefied petroleum gas are homogeneous products regardless of the petrol train station or company (BP, Shell, Caltex, etc) you are buying from. In fact, the technique to extract and refine petroleum is nearly the same among those companies.
Probably the most awaited moment in school life- Absence of a teacher in class. This is the time every time a classroom can adjust into a parliament, jungle, industry or even a blend everything! Gossip, food, naughtiness, laughter and craziness overrule books, legislation, discipline and silence. The perfect time to unwind and enjoy and exercise the right to liberty of everything we are able to think of. Creatures students, each of our prime motive is to break rules, have fun and cherish the good remembrances rather than sobbing over awful times, stable school guidelines, stay numb and job like robots.Once a instructor enters the classroom, we discover silence at its perfectness and everybody is active with their given work. Yet after all, students are pupils and once the teacher leaves, shall their very own true details be unveiled. Teaching by video meeting makes a class room without physical presence of teacher.This kind of advancement in..