how are the features of oligopoly seen in the oil producing and exporting countries ?
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Heya....
Oligopoly is that form of market in which there are small no of big firms of a product....
And oil producing and exporting countries are limited in world but at big scale so it is a oligopoly...
-- Be Brainly....
Oligopoly is that form of market in which there are small no of big firms of a product....
And oil producing and exporting countries are limited in world but at big scale so it is a oligopoly...
-- Be Brainly....
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Globalisation has affected the stability of jobs of the workers:
To maximize profits, employment is given flexibly i.e. the jobs of the workers are not secure.
To get large orders, exporters try to reduce the cost which is reduced from the wages of the workers.
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