Examlex
One of the consequences of preventing wages from falling in the European Union has been growing unemployment.
Maximize Profits
The objective of most private firms to increase their bottom line to the highest possible level given their resources and market conditions.
Natural Monopolies
A market condition where due to high infrastructure costs or significant barriers to entry, a single company can supply a product or service more efficiently than multiple competing firms.
Government Regulation
The establishment of rules and laws by government bodies that are intended to control or govern conduct and practices within various sectors.
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