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What illegal economic function causes business firms to combine to prevent competition?
Wiki User
∙ 9y ago
A cartel or monopoly causes business firms to combine to prevent competition.
Wiki User
∙ 9y ago
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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.
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.
Does open economic competition help or hinder the growth and Progress of a company?
Before i proceed to answer you, it is important that you know that company growth means both money and resource gain. it is different from generalized profit maximization.Open economic competition helps to foster the growth of and progress of a company. This is because:1) when companies are allowed to compete without restriction from the government, they are more determined to adopt any strategy as a means of gaining more customers and increasing their overall market share. as such, these companies will be more likely to grow than when they are restricted by the government.2) it gives room for innovation and creativity. since the competition is open, companies will be forced to develop new strategies that will not be easy for their competitors to imitate. as such, there will be high investment on innovation and creativity and this will enrich the company through high availability of corporate assets and new product development.3) creates room for business partnership. since the competition is open (free and fair), two smaller companies that offer either similar or different products can combine together to market their products and attempt to gain customers from the bigger companies. as such, they will be able to combine money for marketing, development and new market penetration. in the long-run, both companies will be rewarded with tremendous growth.4) equips the management and workforce with needed skills. since the management and workforce are involved in drafting new means to remain every competitive in the market, they will gain high experience and acquire new skills that will aid the overall growth of the company.Thus, it can be concluded that open competition is good for the growth of the company as it offer the company with numerous benefits such as financial gains through new customer acquisition and increase in market share, and management capabilities through experience in management process.
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
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 set of processes the combine to yield a profit?
Business Model
How are education and training part of economic planning?
they combine with experience to produce human capital
