How do large companies manipulate the market?Explain with examples
Answers
companies with huge wealth,power and reach manipulate the market in various ways.market do not work in a fair manner when producers are few and powerful whereas the consumer purchase in small amount and are scattered.false information is passed though the media and other source to attract consumer.
for example,a company for years sold power milk for babies all over the world as more scientific product claiming this to be better than mother 'milk .it took years of struggle before the company was forced to accept that it had been making false claim.
1) Large businesses
can influence the marketplaces by meansof excessive means of advertisements. (2). They even acquisition out small corporations
or make latter work with them so they do not have any competition who
manufactures the same goods. (3). They even criticize other corporations saying
that their products is better than the rest. (4). Large corporations also trade
their products at lesser price so that public get used to their products.
