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Advantages and Disadvantages of Monopsony

Some of the Advantages and Disadvantages of Monopsony are as follows. So let us check it out some information on pros and cons of monopsony to know more about it.

Advantages of Monopsony are :

  1. Monopsony has buying or bargaining power in the market.
  2. In monopsony the reduced cost of purchasing inputs increases their profit margins.
  3. Monopsony dictate exact specification to suppliers.
  4. Don't have risks.
  5. Lower cost for almost all goods and services.
  6. Monopsony exists both in labour as wells as product markets.

Disadvantages of Monopsony are :

  1. In monopsony unequal distribution of goods and income is observed.
  2. Abnormal profits.
  3. Monopsony is a form of imperfect competition.

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What is Market economy ? Advantages and Disadvantages of Market Economy

Check out Advantages and disadvantages of market economy (capitalism) given below. So let us find out some points on advantages and disadvantages to know more about market economy. This type of economy is nearly free fro governement interference, Economy is based on private ownership where individual control the production, distribution and sales of goods and services.

Advantages and Disadvantages of International Trade

Check out Advantages and Disadvantages of International Trade discussed below. So let us find out some information on advantages and disadvantages to know more about International Trade. It is a trade between nations in the form of imports as well as exports. International trade can be considered one of the important souce of revenue in the developing countries. Trade between countries is the exchage of both services and goods among the countries of the world economy.

Advantages And Disadvantages of Supply Chain Management

Some of the Advantages And Disadvantages of Supply Chain Management are listed below. So let us check it out some information on advantages and disadvantages to know more about supply chain management. It is the management of flow of services as well as goods and includes all intermediate processes that transform raw materials to final products.Supply chain mangement  consist of broad range of activities which is required to control, plan and execute a product's flow.

Advantages and Disadvantages of Globalization

Get Advantages and Disadvantages of Globalization (Globalisation) discussed below. Let us check out some information on advantages and disadvantages to know about globalization. 

Advantages of Globalization are :

International trade becomes easier with the help of globalization. 

It becomes easy to communicate across the boundaries for promoting busines with the help of globalization.

Because of Globalization it becomes easy to travel all around the world.

Supply Chain Management Definition, Advantages and Disadvantages

Definition of Supply Chain Management

Supply Chain management can be considered as an effective tool for improving business process. It starts with the source of supply and competes at the point of consumption. Supply chain management is a flow of information and materials from suppliers which involves number of value added process and different distribution channels to the customers. 

Supply chain management involves :

What is Planned economy ? Advantages and Disadvantages of Planned Economy

Find out Advantages and disadvantages of planned economy (command economy) listed below. So let us check out points on advantages and disadvantages to know more about planned economy. This type of economy system is controlled by governement. In Planned economy, government decides how much is produces, what to produced, the methods of the production and the price of goods or services.

What are the Pros and Cons of Supply Chain Management ?

Some of the Pros and Cons of Supply Chain Management are listed below. So let us find out brief information on pros and cons to learn more about supply chain management. It is the management of flow of services and goods and includes all types of process that transforms raw materials into final products. So  check out advantages and disadvantages of Supply Chain Management discussed below.

Advantages and disadvantages of solid phase extraction

Solid phase extraction:Let us discuss advantages and disadvantages of solid phase extraction. Some of them are discussed below so let us check it out one by one.

Advantages:

No emulsion problems observed.

Cost is low

Accuracy is greater

Glass breakage minimal

Lower solvent consumption

Reagent consumption lower

No cross contamination

Less sample handling

Process in fewer steps

Disadvantages:

Incomplete removal of the interferences