Business Cartels - What do you think of them?

[tyrim88]

Business cartels is always not really a good option for economy freedom in business markets as these companies (cartels) tends to monopolize the market and they gains the influence and control over prices as determined by them.

That is just one of the many things that an economy that is being controled by just a few persons uaually end up with,and this is what we see in a capitalist type of economy,where the control of economic activities is carried out by few persons.

 

[Nomad]

I like open markets, I like competition in the market, this is not only in the best interest of the market and consumers but also for the government. When there are cartels they will grow so bg that they can easily manipulate the market and governments cannot do anything about them

 

[Good-Person]

Whenever business cartels take a grip on the market, there are many things that may go bad for customers. price fixing becomes a very common thing and market monopoly also ruins many things for the customers. Under such kind of circumstances, customers might be induced to buy products at a specific rate.