To often we get the word monopoly and oligopoly confused, I hope I'm using it write.
Oligopoly = a market form in which a market or industry is dominated by a small number of sellers.
Coca-Cola, Pepsi, Visa, MasterCard etc all represent oligopolies.
Let's be honest, capitalism is what it is and it is driven by the consumer. If the consumer chose to, it could collectively change the current model of capitalism, is some ways, this is being done, the consumer is starting to drive the market.
I was taught by a 12 year old girl not that long ago 'IF WE DON'T BUY IT, THEY CAN'T MAKE IT" and I've been trying to get that thought out to all that will listen.
We create the monopolies and oligopolies by not being conscious consumers.
Oligopoly = a market form in which a market or industry is dominated by a small number of sellers.
Coca-Cola, Pepsi, Visa, MasterCard etc all represent oligopolies.
Let's be honest, capitalism is what it is and it is driven by the consumer. If the consumer chose to, it could collectively change the current model of capitalism, is some ways, this is being done, the consumer is starting to drive the market.
I was taught by a 12 year old girl not that long ago 'IF WE DON'T BUY IT, THEY CAN'T MAKE IT" and I've been trying to get that thought out to all that will listen.
We create the monopolies and oligopolies by not being conscious consumers.
Let's start doing something about this.