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What else can I help you with?
What are agreements among companies to keep prices at a certain level?
Monopoly
What purpose does competition serve in the free market?
to keep monopoly's from happening
Is an electricity company an example of monopoly?
Yes, it is more beneficial for the economy to have utilities as a monopoly, although they are considered as a 'natural' monopoly. Governments can nationalise the utility in order to maximise social welfare rather than maximise profit, this will keep prices low, keep output high and increase consumer surplus and consumer choice. Your welcome
The Open Door policy was an attempt to?
It was an attempt to keep trade open in China open to all nations.
Why do you think the British government granted a trade monopoly to the HBC on Vancouver island?
The British government granted a trade monopoly , because the colony's new governor , James Douglas wanted to keep the Americans out of the area. And the grants wanted to recreate the English system and the settlers were required to purchase land .. :)
How did the British attempt to keep industrial secrets from the US?
other countries copied their work
What did Britain do in order to keep industrial secrets from the US?
blockaded the u.s. from engaging in international trade
Why was Britain unable to keep industrial secrets away from other countries?
Workers would sneak away from Britain and sneak into other countries to share information and industrial secrets. Such as showing them how to build machines.
How did Britain keep the IR a secret from other countries such as the United States?
They did no such thing. The Industrial Revolution spread spontaneously.
How did unions attempt to achieve their goals in industrial era?
By bargaining with employers. Hence the term "Collective Bargaining." God Bless and Keep the Unions!
Why did Britain want to keep industrialization a secret?
Britain sought to keep industrialization a secret primarily to maintain its competitive advantage in global trade and manufacturing. By restricting the export of machinery and skilled workers, the British aimed to prevent other nations from replicating their industrial success, which could undermine their economic dominance. Additionally, controlling the spread of industrial knowledge helped safeguard national security and preserve Britain's status as the leading industrial power of the time.
Why was Britain unable to keep industrial secrets away from the other nations?
Britain struggled to keep industrial secrets due to a combination of factors, including the movement of skilled workers who sought better opportunities abroad, particularly in the United States and Europe. Additionally, the rise of international communication and trade made it easier for knowledge and innovations to spread. The British government's focus on free trade and open markets also meant that there was less emphasis on protecting intellectual property. As a result, technological advancements were quickly adopted by other nations, diminishing Britain's industrial advantage.
When was Keep Britain Tidy created?
Keep Britain Tidy was created in 1955.
When was Keep Britain Untidy created?
Keep Britain Untidy was created in 2000.
Government has a monopoly on the legitimate use of force to keep order?
Yes they do.
What are agreements among companies to keep prices at a certain level?
Monopoly
What purpose does competition serve in the free market?
to keep monopoly's from happening
