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When a single entity has sole economic control over a business or product, it is referred to as a monopoly. In a monopoly, the dominant company can influence prices, supply, and market conditions without competition. This can lead to reduced choices for consumers and potentially higher prices. Monopolies are often regulated by governments to promote fair competition and protect consumer interests.
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The economic policy of giving business total control of its development is called?
The economic policy of giving business total control of its development is called laissez-faire.
What does a business have if they have complete control of the supply of a product?
A business that you have described here could be called a monopoly.
What is the official measure of economic growth called?
The official measure of economic growth is called Gross domestic product ( gdp) . I remember learning it in business
What is it called when a business is in compete control over the supply of a product?
That's called a 'monopoly' - Since they are the only supplier of the product - they can fix the price.
The economic policy of giving a business total control of its development is called a laissez-faire b socialism c mercantilism d free trade?
The economic policy of giving business total control of its development is called laissez-faire. It's French for "Let it alone"...let businesses do what they want to do without government interference
The economic policy of giving business total control of its development is called?
The economic policy of giving business total control of its development is called laissez-faire.
What does a business have if they have complete control of the supply of a product?
A business that you have described here could be called a monopoly.
What is the official measure of economic growth called?
The official measure of economic growth is called Gross domestic product ( gdp) . I remember learning it in business
What is it called when a business is in compete control over the supply of a product?
That's called a 'monopoly' - Since they are the only supplier of the product - they can fix the price.
The economic policy of giving a business total control of its development is called?
A.laissez-faire
What is the exclusive control of a product by a business called?
monopoly is a really fun game, lmfaoroflzlolteeheeahahahah.
What is a single business called if it has achieved exclusive control over a product or service?
Monopoly
What type of business produces a tangible product?
A business that produces a tangible product is called a manufacturing business.
The economic policy of giving a business total control of its development is called a laissez-faire b socialism c mercantilism d free trade?
The economic policy of giving business total control of its development is called laissez-faire. It's French for "Let it alone"...let businesses do what they want to do without government interference
A business that purchases a product from another business to sell to customers is called a?
manufacturing business
What is it called when the government does not heavily participate in the control growth or regulation of business?
When the government does not heavily participate in the control, growth, or regulation of business, it is referred to as a "laissez-faire" economic policy. This approach emphasizes minimal intervention, allowing market forces to dictate business operations and economic outcomes. Laissez-faire promotes free enterprise and competition, with the belief that this leads to greater efficiency and innovation.
When a control is required to control space or product temperature is called a what?
thermostat
