Answer:
Explanation:
➤ When a few companies dominate the market, it’s called Oligopoly
An Oligopoly is referring to when a few companies dominate, overpower or become more successful or larger than other companies or markets. It does not matter how powerful the dominated or dominating companies are. Oligopoly is simply referring to a few companies. Although only a few firms dominate, it is possible that many small firms may also operate in the market.
- Mordancy
<u>Answer:</u>
The three aspects of present day business that I can name and have their roots in exchange works on amid the medieval times are:
- <em>Production/Consumption. </em>
<u>Explanation:</u>
<em>The dealing framework was dispensed with, a financial framework in view of open rivalry in a free market was made.</em>
Organizations that delivered merchandise and enterprises for clients and built up solid connections among them. Furthermore, the large scale manufacturing and utilization of these products and ventures.
Therefore, The three facets of modern business are capitalism, Marketing, and Production which have their <em>origin in trade practices during the Middle Ages.</em>
