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Why are monopolies bad for consumers ?

Some of the points explaining why monopolies are bad for consumers are as follows. So let us check it out information on monopoly and its effects. 

  1. Cosumers have no choice or limited choice during monopolies, monoply also controls the product as well as services which are not only supplied at highest prices but the quality is also affected sometimes during monopoly.
  2. Monopolies also lose any incentive to innovate, as the company already getting benefits, they may not innovate or introduced advanced version of products or services in the market.
  3. They can set any price of the product or services they want, as a result they may raise the cost to consumers and create inflation.
  4. They can also supply inferior products during monopoly.
  5. You might also like some advantages & disadvantages of monopoly to know more about monoly and its effects.

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What is Market economy ? Advantages and Disadvantages of Market Economy

Check out Advantages and disadvantages of market economy (capitalism) given below. So let us find out some points on advantages and disadvantages to know more about market economy. This type of economy is nearly free fro governement interference, Economy is based on private ownership where individual control the production, distribution and sales of goods and services.

Advantages and disadvantages of Advertisement in Points

Check out Advantages and Disadvantages of Advertisement in Points which are discussed below. So let us find out some points on advantages and disadvantages to know about advertisement.

Advantags of Advertisement in points are :

Advertisemet can be used to build brand Loyalty.

Advertisement creates ground for personal selling.

Advertisement helps to communicate information to the people.

It also helps to educate people.

Advertisement creates image for the products of services in the market.

It helps to build goodwill.

Advantages And Disadvantages of Supply Chain Management

Some of the Advantages And Disadvantages of Supply Chain Management are listed below. So let us check it out some information on advantages and disadvantages to know more about supply chain management. It is the management of flow of services as well as goods and includes all intermediate processes that transform raw materials to final products.Supply chain mangement  consist of broad range of activities which is required to control, plan and execute a product's flow.

Advantages and Disadvantages of International Trade

Check out Advantages and Disadvantages of International Trade discussed below. So let us find out some information on advantages and disadvantages to know more about International Trade. It is a trade between nations in the form of imports as well as exports. International trade can be considered one of the important souce of revenue in the developing countries. Trade between countries is the exchage of both services and goods among the countries of the world economy.