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Why did powerful capitalists form monopolies and trusts?
The government had to pass the anti trust law to restrict trusts and monopolies to protect the value of the consumer dollars. The Anti trust laws help to promote a free and fair trade marketplace competition.
What is the purpose of competition?
To act as a regulating force in the marketplace
What are the laws that encourage competition in the marketplace called?
antitrust laws =)
What is unwritten or unspoken understandings through which firms collude to restrict competition called?
Tacit collusion
Why is fair competition important in the private enterprise system?
Fair competition allows firms to compete in the marketplace, knowing that they won't be subjected to excessively aggressive practices that are designed to eliminate them.
What do you call it when governments remove rules and regulations to help competition?
deregulation or Laissez-faire Capitalism, which is when the government does not restrict anything in buisness.
what do Secular governments tend to take away or restrict?
Secular governments tend to take away or restrict
Why did powerful capitalists form monopolies and trusts?
The government had to pass the anti trust law to restrict trusts and monopolies to protect the value of the consumer dollars. The Anti trust laws help to promote a free and fair trade marketplace competition.
Which instrument do countries use to restrict competition from abroad?
Countries restrict competition from abroad by imposing fees on foreign goods in the form of duties or tariffs, for example.
What is the purpose of competition?
To act as a regulating force in the marketplace
What are the laws that competition in the marketplace called?
antitrust laws =)
Which of these is the responsibility of the Federal Trade Commission?
regulating competition in the marketplace. -- A+
Is mescalin a legal drug?
It was made illegal in 1970. The federal government does restrict its use in a religious ceremony but state governments can restrict it.
Governments set duties on imported goods to restrict or limit trade with other nations why?
Governments set duties on imported goods for a couple of important reasons. They want to protect their industries at home from competition with foreign goods brought in. A by-product of this policy is extra money in the importing country's coffers.
What are the laws that encourage competition in the marketplace called?
antitrust laws =)
How do horizontal mergers vertical mergers and conglomerates differ?
the do not usually lessen competition in the marketplace
How do conglomerates and vertical mergers differ from horizontal mergers?
the do not usually lessen competition in the marketplace
