Jason asked in Social ScienceEconomics · 1 month ago

Explain one sense in which we live in an economic oligarchy rather than a market economy?

2 Answers

  • Zirp
    Lv 7
    1 month ago

    Free markets never stay free for long. Competition has winners and losers.

    Losers go out of business, winners acquire (semi-)monopolies and grow so rich that they can outspend any remaining competitors

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  • Oiy
    Lv 5
    1 month ago

    The world is imperfect, so is the economy.

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