- Aug 1, 2002
- Reaction score
- Pflugerville, TX
Follow: competition leads to innovation and ultimate efficiency on the supply-demand curve -- but then unchecked competition leads to monopoly -- monopoly kills innovation and kills the efficient nature of the supply-demand system. Herein lies the problem, for a large scale economy to function, significant government oversight is necessary (in any form of economic structure).
Unchecked competition leads to monopoly?......I thought no competition leads to monopoly.....and excessive gov. intervention is the real problem in the supply-demand style market capitalism....