1.

Explain the concept of non-viable industry with the help of an example.

Answer»

Solution :Non-viable industry refers to an industry for which supply and demand curves never intersect each other in the POSITIVE AXIS.
For example, the cement industry will become non-viable if the government PUTS an entry tax for the firms because the COST of production will increase i.e the demad and supply curve will not intersect in the positive axis.


Discussion

No Comment Found