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John D Rockefeller was able to gain control over most of the oil industry by?
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∙ 14y ago
collaborating with the rail system,
Wiki User
∙ 14y ago
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What is A situation in which a company or group of companies has enough control over an industry to be able to affect prices and availability of products?
A monopoly, hence anti-trust and competition legislations
Why did business people believe in an economic system free of government control?
Business people want less government control so that their businesses won't be highly regulated. They want to be able to expand without regard to promoting competition within the industry.
When a company is able to control a products supply and therefore it price?
It is called a monopoly.
How much control does an oligopoly have over price?
faces a demand curve that is inelastic throughout the range of market demand. faces a perfectly inelastic demand curve. is a price maker. is also able to dictate the quantity purchased
What is another name for the mixed economy?
A mixed economy is an economy that includes a variety of private and government control, or a mixture of capitalism and socialism. Relevant aspects include: a degree of private economic freedom (including privately owned industry) intermingled with centralized economic planning and government regulation. I have not been able to find another definitive name for a a mixed economy.
Who was able to dominate and control oil industry in the late 19th century?
John D. Rockefeller
Who was able to dominate and control the oil industry in the late 19 century?
John D. Rockefeller. Apex :)
Who was able to dominate and control the oil industry in he late 19th century?
John D. Rockefeller
Who was able to dominate and control the oil in the late 19 century?
John D. Rockefeller. Apex :)
How did john d Rockefeller gain conrol of the iol industry?
Through horizontal integration Rockefeller was able to monopolize a single market. Because of his oil trust he was easily able to eliminate competitor's. Basically since he was bigger and better his business was on top.
What kind of business is able to control an entire industry?
A Monopoly
What are the advantages of production planning and control to a small scale industry discuss?
Advantages of production planning and control to a small scale industry are that, the industry is able to manage its finances, the industry controls the order and stock, there is no over or underproduction.
What industry did Morgan control?
JP Morgan controlled the industry of corporate finance and industrial consolidation. At the height of his career he was able to stop the Panic of 1907 by directing a banking coalition.
Why was the Jamestown colony able to prosper in spite of many hardship?
The Jamestown colony was able to prosper in spite of many hardships because John Rolfe started the tobacco industry, which brought in a lot of money.
What is A situation in which a company or group of companies has enough control over an industry to be able to affect prices and availability of products?
A monopoly, hence anti-trust and competition legislations
What elements of socialism remain in China's economy?
The Chinese government owns a large portion or has a golden control share in almost all large corporations, making it able to control their long-term goals and trajectories. This governmental control of industry is one of the hallmarks of socialism.
Why did business people believe in an economic system free of government control?
Business people want less government control so that their businesses won't be highly regulated. They want to be able to expand without regard to promoting competition within the industry.
