One of the anticompetitive practices that businesses use is the creation of monopolies. A monopoly is a situation in which there is only one dominant company on the market providing a certain good or service.

A pure monopoly is when a single business has 100% of the market share. However, in practice, the market leader is called a monopolist when the business is controlling at least 20%-30% of the certain market.

https://www.superbusinessmanager.com/monopolies/

Anticompetitive practices are attempts by businesses to interfere with market forces — abuse of market power.

Unfair business practices refer to a wide range of business practices that artificially limit competition. By colluding together in this way, firms operate, or act together, as if they are a monopoly.

The essence…

Deregulation

Deregulation means lifting various restrictions that prevent competition between businesses.

There are many ways to conduct deregulation.

First, reduction or complete removal of government controls over an industry. This will ensure creation of new companies in a certain market.

Second, by acting against monopolies in a specific industry. Breaking down monopolies will ensure industrial competitiveness between businesses.

And third, to allow private companies to compete with government-owned industries. This will improve the quality of public businesses.

https://www.superbusinessmanager.com/supply-side-policies-deregulation-increasing-competitiveness/

The importance of training and education to the country

Employees need to know what to do at work. They need to be both trained and educated, so that they can do their daily jobs effectively (achieve goals) and efficiently (be productive).

Spending on training and education is always regarded as important investment in the business organization’s most valuable asset — its people. No matter if the money is invested by the country’s government or individual businesses. People matter!

One of the policies that the government can use to achieve more efficient economy is to provide training schemes and education programs to working population of the country. By increasing government spending on higher education and vocational schools, the government will ensure that the higher proportion of future workers enters the job market with university degrees and high-level qualifications.

https://www.superbusinessmanager.com/supply-side-policies-training-and-education/

Supporters of privatization claim that the government should privatize public companies to let the efficiency be improved by better management in the private sector.

Adversaries of privatization claim that the government should not privatize public companies because privatization almost always leads to job losses caused by cutting costs and price increases as private owners pursue profit maximization.

Let’s see for ourselves and explore in details arguments for privatization and arguments against privatization.

https://www.superbusinessmanager.com/should-the-government-privatize-public-companies/

Supply Side Policies are one of three government economic policies to achieve some of the six government economies objectives. They are set by the government to make the local domestic economy more efficient in comparison with economies of other countries.

Supply side policies include: privatization, training and education for workers, deregulation (increasing competitiveness), adjusting domestic policy and foreign policy.

https://www.superbusinessmanager.com/supply-side-policies-privatization/

Microfinance is providing financial services such as bank loans and overdrafts to low-income customers. Small amounts of money are loaned to entrepreneurs in countries where business finance is difficult to obtain.

https://www.superbusinessmanager.com/short-term-external-sources-of-finance-microfinance-5-5/

Debt factoring is the process of a business selling its debt to a debt factoring company. The debt factoring company buys the unpaid invoice, so that the business can obtain immediate cash to finance its normal operation.

https://www.superbusinessmanager.com/short-term-external-sources-of-finance-debt-factoring-4-5/