how do large companies manufacture the market explain with examples
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(1). Big companies can manipulate the markets by using unnecessary means of advertisements. (2). They even buy out small companies or make latter work with them so they do not have any competetitor who produces the same produce. (3). They even criticize other companies saying that their produce is better than the rest. (4). Big companies also sell their produce at lower cost so that people get used to their produce.
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The large companies manipulate the market in various ways :
(i) Large companies with huge amount of wealth, power and riches can manipulate the market in various ways.
(ii) At times false information is passed on through the media and other sources to attract consumers.
(iii) For example, a company for years sold powder milk for babies all over the world as the most scientific product claiming this to be better than mother’s milk. It took years of struggle before the company was forced to accept that it had been making false claims.
(iv) Similarly, a long battle had to be fought with court cases to make cigarette manufacturing companies accept that their product could cause cancer.
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