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Marrrta [24]
3 years ago
8

Why did forming corporations allow big business to increase in power and profitability?

History
1 answer:
anastassius [24]3 years ago
3 0
First, governments in most countries have created laws against monopolies for large corporations, which prevents that corporations have influence or power to weaken or do away with the smaller companies that are forming and gaining power and profitability. Second, large corporations use this as a way to gain competitiveness and revitalize the market, since it is known that where competition does not exist, it falls into mediocrity. Thus, a market where there are several companies that compete, keep alive the economic system, and there is always the possibility for large corporations, to buy the rival company, and gain with all their human capital, ideas, brands and fame of the company. Something like this was seen when Facebook buys WhatsApp for 21.8 billion dollars.
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No the freedom of a group of people should not cause the other set of people to have less freedom.

<h3>What is the declaration of independence?</h3>

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Freedom is supposed to be the universal right of all the people of the world but there are times that situations may exists that may cause some people to act like they are superior than other people.

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Read more on the declaration of independence here:

brainly.com/question/9515546

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