The economy is dominated by monopolistic enterprises with connections to the state.
Some P.A. officials have managed the flow of aid to monopolistic enterprises that provide perks and inflated salaries to friends and family — reportedly including Abbas's son.
Maurice Allais, (born May 31 , 1911 Paris, France died October 9, 2010, Saint-Cloud) French economist who was awarded the Nobel Prize for Economics in 1988 for his development of principles to guide efficient pricing and resource allocation in large monopolistic enterprises.
This is significant because regulated industries like utilities, and monopolistic enterprises, like the railroads when they were built, can bank on guaranteed income from consumers that can be used to pay interest on the debt amassed to build the projects.
May 31 , 1911Paris, France October 9, 2010 Saint-Cloud, France Maurice Allais, (born May 31 , 1911 Paris, France died October 9, 2010, Saint-Cloud) French economist who was awarded the Nobel Prize for Economics in 1988 for his development of principles to guide efficient pricing and resource allocation in large monopolistic enterprises.
Mr Hu can say that the consumption ratio rose in 2011 and in the first nine months of 2012.Consumption has lagged partly because China's capital-intensive, monopolistic state-owned enterprises (SOEs) have raked in profits rather than driving down prices or bidding up wages.
Suffice to say it was organized as a economic principle after the fact of citizen revulsion at the predatory excesses of really big business with regard to labor pay, working conditions and the natural monopolistic goals of private enterprise (partnering with government when/if necessary).
Since then, the pendulum has swung back to strong state involvement, with quasi-monopolistic state enterprises crowding out private enterprise.
These include industrial overcapacity and the monopolistic grip of many state-owned enterprises, as well as the inefficient allocation of loans.
The principal factor could be the need to restrict knowledge to prospective enterprise entrants due to the monopolistic tendencies of entrepreneurs.
The central government not only was unable to supply capital but also looked for every opportunity to exploit these enterprises as it had exploited the monopolistic salt business on which those companies were modeled.
