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A cartel or monopoly causes business firms to combine to prevent competition.

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What type of economic function fits the description in 1890 the sherman antitrust act was passed which made it illegal for business firms to combine to prevent competition?

efficiently for a plus... check out astral underworks on youtube....


How are education and training part of economic planning?

they combine with experience to produce human capital


Why is the US economic system called a mixed economy?

The characteristics of a market economy and command economy combine to form a mixed economy. It incorporates elements of both socialism and capitalism. In a mixed economy, state- owned enterprises and privately owned enterprises co-exist. The economic activities in such an economic system are controlled neither by the business entities that comprise market forces nor by the government. In a mixed economy, both of these come together and ensure economic development.


In economics what represents entrepreneurship?

In economics, entrepreneurship represents the process of identifying opportunities and taking risks to create and manage new businesses or innovations. Entrepreneurs combine resources—such as capital, labor, and technology—to produce goods or services, driving economic growth and job creation. They are often seen as key agents of change, fostering competition and innovation within markets. Ultimately, entrepreneurship is crucial for economic development and societal progress.


What is the most common economic system in the world?

Mixed economic systems combine elements of market and command economies. It is currently the most common economic system.

Related Questions

What type of economic function fits the description in 1890 the sherman antitrust act was passed which made it illegal for business firms to combine to prevent competition?

efficiently for a plus... check out astral underworks on youtube....


In 1890, the Sherman Antitrust Act was passed which made it illegal for business firms to combine to prevent competition?

Yes efficiency function. The Sherman Act meant that agreements "in restraint of trade" were illegal.


In 1890 the Sherman Antitrust Act was passed which made it illegal for business firms to combine to prevent competition.?

Efficiency


1890 the Sherman Antitrust Act was passed which made it illegal for business firms to combine to prevent competition.?

Efficiency


What is the device by which several corporations combine to eliminate competition and regulate prices?

A trust.


When businesses combine to create a trust their goal is to?

reduce competition and regulate prices.


How do you know if a relation is a function?

relation and function are number that combine with number and neqative number to .


What does utile dulce mean?

to combine business with pleasure


What set of processes the combine to yield a profit?

Business Model


Tissues combine to form what?

tissues combine to form an organ. few organs combine to form an organ system.few organ systems combine to form an organism.....


What do the function and your diagrams show you about the order in which you combine?

the functions are all even


What is it called when businesses combine?

when a number of business undertakings combine together for enjoying some benefits, a business combination forms. The contituent units come into an agreement for fixing up the terms and conditions.