A monopoly can impact the economy by reducing competition, leading to higher prices for consumers, lower quality products, and less innovation. This can result in a less efficient allocation of resources and hinder overall economic growth.
the economy Major of those four are the natural monopoly. geographic monopoly, govrnement monopoly. technological monopoly.
Impact marine insurance on an economy?
Monopolies harm the economy because the products of the monopoly can be inferior and because it restricts free trade. also, it makes it nearly impossibe for a small business in the same industry to be successfull because the monopoly's prices are usually lower than is possible for a small business to set without losing money.
What is the impact of budget on th Indian economy?
monopoly
The use of monopoly currency can have a negative impact on the economy and financial stability of a country. It can lead to inflation, as the value of the currency may decrease due to lack of competition. Additionally, it can limit economic growth and investment opportunities, as there is no incentive for innovation and efficiency in the monetary system. Overall, monopoly currency can hinder economic development and stability in a country.
jobs and economy
Hess Trucks is a company that makes toy trucks. They would have an impact on the toy sales in America, but as far as the economy as a whole, they do not have a real major impact.
the economy Major of those four are the natural monopoly. geographic monopoly, govrnement monopoly. technological monopoly.
In imperfect competition, there are really big companies that have a large effect on the economy, and there is even a monopoly sometimes. In perfect competitions, one of the requirements is not to have any sole firm have any noticeable impact on the economy.
Monopoly money lol
He created monopoly
Impact marine insurance on an economy?
how did the crusafes impact the economy of Europe
Monopolies harm the economy because the products of the monopoly can be inferior and because it restricts free trade. also, it makes it nearly impossibe for a small business in the same industry to be successfull because the monopoly's prices are usually lower than is possible for a small business to set without losing money.
What is the impact of budget on th Indian economy?
monopoly