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If you are the owner of a company and that company is profitable to very profitable then you will probably make a lot of money, but... don't think that they money you earn from your own company comes free of charge. I'll explain. Some people who own their own companies work as much as 15 hours a day sometimes 7 days a week so that they can stay ahead of their competition. Yes the rewards are big, but the losses as well. An example of the loss section. You work 15 hours a day, 7 days a week. Where do you find time to have a girlfriend or wife or if the writer of this question is female, where do you find time to squeeze a man into your life? You are so tired from working all those hours all you want to do is sleep at the end of your week. All the money you have made and who can you share it with? You loose touch with loved ones, friends and family. Remember you can only be in one place at a time. Making big dollars and being the boss isn't all it's cracked up to be. There are always advantages and dis-advantages to everything you do in life, be it on the job or in your personal life. You have to choose what is best for you and go with that.

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Why is the media industry characterized by an oligopolistic market?

Centralization of ownership has led to an industry controlled by a few large companies.Centralization of ownership has led to an industry controlled by a few large companies.Centralization of ownership.


Does public ownership and central planning do a better job than private business and free markets?

No. Private ownership and free market is a better system than public ownership and central planning.


What are the differences between public ownership and private ownership?

Public ownership refers to assets or enterprises owned and operated by the government or state on behalf of the community, aiming to serve the public interest and often focusing on accessibility and equity. In contrast, private ownership involves individuals or corporations owning assets, with the primary goal of generating profit and maximizing shareholder value. Public ownership may prioritize social welfare and collective benefits, while private ownership tends to emphasize efficiency and competition. These ownership structures can influence management practices, funding sources, and accountability mechanisms.


What best explains why the media industry is characterized by an oligopolistic market structure?

Centralization of ownership has led to an industry controlled by a few large companies.Centralization of ownership has led to an industry controlled by a few large companies.Centralization of ownership.


What is the economic system based on private ownership investment and profit?

Capitalism is the economic system based on private ownership and profit.

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