Let's see,
They charge more, so they take money out of the economy that could go to other things. I guess you could say they encourage people to search for reasonable alternatives in the form of...
Market failure occurs when there is a mis-allocation of resources that leads to a loss in welfare for the society. Market failure may not necessary harm the economic growth (examples include...
White people are less likely to employ black people if they are racist against them. Witch means not as many people are employed for labor, since blacks are being discriminated against. The cost goes...
On one hand, it makes buisnessmen strive to do better and stay one step ahead of their next competitor. This means an increase in quality and decrease in cost. The downside is that living in such a...