As has been proven by many economists, competition is the driving force behind the development of society, the main tool for saving resources (for example, in Japan, resources are used as a whole three times more efficiently than in Russia), improving the quality of goods and living standards of the population. Therefore, competition is a […]
Tag: Penetration
Imperfect Competition Theory
The English economist A. Pigou at the beginning of the XX century came to the conclusion that the monopolization of the economy and external effects can seriously disrupt the impact of competition on the efficiency of the economic system. The result is a discrepancy between individual and public interests, a decrease in the level of […]