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What evidence suggests we might be in such a stage? Here are some indicators that scholars point to: \t•\tGrowing inequality: Some argue the rich keep getting richer, wages for many stagnate, and wealth gaps widen—traits that fit the above definition. \t•\tCommodification of almost everything: Not just goods and services, but lifestyles, digital attention, personal data, social media, etc., get turned into profit. \t•\tGlobalisation and corporate dominance: Big corporations and financial institu
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These graphs are basically the inverse of regular Monopolies. Why? Because Monopsonies have to do with the FACTOR market. If you’re screwed and about to fail your Final Exam… It’s not too late to save your grade. Click the link in my bio to get your FREE PERSONALIZED STUDY PLAN to pass in one night
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Back in July, we called for the Commerce Commission to be given the power to break up monopolies and duopolies when they’re stopping markets from working properly. Today, National announced it would pursue separating New World and Pak’nSave if the Commerce Commission finds it would leave shoppers better off. That's good. We’ve spent long enough talking about the lack of competition in our supermarkets while Kiwis keep paying the price. We’re happy to see other parties getting behind stronger act
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