Saturday 10 October 2015

Joseph Edward's Theory of Market Ecocomy con't

Simple economics. An example is, McDonalds is the biggest fast food chain in the world, but there are many players which emerge to compete, some will succeed, others will fail, there are the Wendys and Burger King, get the idea ? The monopoly in a perfect competition in free market economy is almost unheard of. Even with corporate giants such as McDonalds.

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