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Why do many governments in countries with market economies outlaw or control monopolies?
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∙ 9y ago
Monopolies can make excessive profits by over-charging consumers.
Margaretta Emmerich
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Why do many governments in countries with market economies control outlaw monopolies?
Monopolies can make excessive profits by over-charging consumers.
What are monopolies and do economies benefit from them?
Exclusive control by one group of the means of producing or selling a commodity or service There is one of that product/service so they can charge what ever they want with out worrying about competitors.
How does a mercantile system differ from a free enterprise system?
Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control
How does the IMF use its loans to attempt to control and fix the economies of countries that need its help?
By imposing conditionality
How does the IMF use its loans to attempt to control and fix the economies of the countries the needs its help?
by imposing conditionally
Why do many governments in countries with market economies control outlaw monopolies?
Monopolies can make excessive profits by over-charging consumers.
What economic theory states that the government should own and control the means of production and distribution?
Centrally Planned Economies are typical of totalitarian countries such as Cuba, North Korea. The econonomic theory behind these governments is usually a form of Marxism.
How does a mercantile system differ from a free enterprise?
Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control
How does a mercantilism system differ from a enterprise system?
Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control
What are monopolies and do economies benefit from them?
Exclusive control by one group of the means of producing or selling a commodity or service There is one of that product/service so they can charge what ever they want with out worrying about competitors.
How does a mercantile system differ from a free enterprise system?
Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control
How does mercantile system differ from a free enterprise system?
Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control
How does a mercantile system differ from free enterprise system?
Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control
How does the IMF use its loans to attempt to control and fix the economies of countries that need its help?
By imposing conditionality
How does the IMF use its loans to attempt to control and fix the economies of the countries the needs its help?
by imposing conditionally
Why progressives in the early1900s sought government action to control monopolies?
Pretty much all progressives sought action to control monopolies. Theodore Roosevelt and William Howard Taft stand out as the two glaring examples of progressives who took action to control monopolies.
What motivates the command economy?
Command economies are motivated by the government, which institutes how the economy will work.
