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Interlocking Directorate

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Q: What occurs when the same people serve on the boards of directors of competing companies?
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The floor of a house that is off the ground is first built with a layer of boards that is at a 45 degree angle to the load centers. To the average person, this layer of boards looks like a floor. However, they are wider than the boards than are normally used to go on the floor. The floor that people walk on will be put on top of these boards. The boards used for the floor will be thinner.


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What is conflict of desires?

A conflict of desires occurs when an individual has competing or contradictory wants or goals. This can lead to internal turmoil or indecision as the person struggles to prioritize or fulfill these conflicting desires. Finding a balance or resolution between these competing desires may require introspection, compromise, or prioritization.


What is meant by the term disintermediation?

Disintermediation when you "cut out the middle man". In other words, disintermediation occurs when a company cuts out the companies in between them and the company they are supplying, like transportation companies or packing companies.


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How is monopolistic competition similar to perfect competition?

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