There was no uniform currency, states had too much power national government had nothing. there was no military/protection other than what the states could afford themselves. there were no taxes so funding was hard.
Answer: the industry that most closely approximates the conditions of the oligopoly model is airlines.
Explanation: oligopoly is a market situation made up of small entities which are independent in their working and they do not have any influence on each other. airlines industries and automobiles industries are two well known examples of oligopoly markets.
In oligopoly markets:-
- industry is dominated by small number of sellers sellers are aware of each others action
- decision of one firm effect the decisions of other firms
- they are concentrated less in monopoly more in competitive system
- increasement of interdependence
oligopoly is a market situation in which small number of firms who together have substantial influence over a certain industry or markets.
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Guyana's education system comprises the following educational levels: nursery, primary, secondary, technical and vocational education, teacher training and university
