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Without monopoly society would flatline, where economic growth would slow to a stop and socio-economics would die. This is because in order to have a positively functioning society one must promote growth. Competition must exist in society in order for growth to occur and be more effective. Monopoly is the process by which a firm competes in a market sector with other firms in a fight for control toward a puremonopoly.
Wiki User
∙ 16y ago
Wiki User
∙ 12y agoWhen a monopoly occurs, an individual or company has control of a product or industry. This allows them to raise prices as high as they like because there is no competition to offer lower prices or better service.
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Patents are a form of monopoly that society allows because they are?
Encourage frims to research and develop new products that benefit society as a whole.
Why is Perfect Competition as a model better for society than unregulated Monopoly?
Perfect competition allows for fairer price structures than those that would likely be seen in a monopoly.
How is an economic monopoly bad for society?
because it is a game that you play with babies and poo and farts but you cant do that bbecafdr fhe
Is a monopoly against the principles of capitalism?
A monopoly is the ultimate goal of an individual company or enterprise in a truly capitalistic society. However, capitalism also means free and fair market competition so laws have been enacted to prevent total monopoly of any particular industry but not of a particular process, item or service.
Is monopoly better than monopoly express or monopoly express better than monopoly?
If you want something entertaing for a short period of time Monopoly Express is better.If you want somethig that is longer , Monoploy. But you could play the original Monopoly on the Monopoly Express gameboard.
How did Andrew Carnegie impact society?
He created monopoly
Effects of Indian cinema on Indian society?
effects of Indian cinema on Indian society
What effects did the growth of railroad have on businesses and society?
what effects did the growth of railroad have on businesses and society
What effects did industrialization have on society?
Alot of effects
What effects did the Persian War have on Society?
Which society?
Are a form of monopoly that society allows because they?
Encourage frims to research and develop new products that benefit society as a whole.
Patents are a form of monopoly that society allows because they are?
Encourage frims to research and develop new products that benefit society as a whole.
What are some of the effects of the counter- reformation on European society?
What are some of the effects of the counter- reformation on european society?
Effects of science and technology on society?
Science and technology have put their advantageous as well as disadvantageous effects on society.
What are the effects of science and technology on society?
The effects of science and technology on society is it provides our society with basic tools to make our way of living much easier
What does effects on society mean?
Social Engineering produce effects on society. If the Government of a country doubles the amount of taxaation people have to pay that has effects on society. If the national Bank of a country increases interest rates on borrowings for houses that has an effect on society.
What long term effects have on African society's?
Why long-term effects did the Arab slave trade have on African society's
