An economy dominated by large firms that produce for national and international markets and are able to dictate prices to suppliers and retailers, as well as wages to their workers, is called ______________.

Question

Quizplus · Accepted Answer

A large economy dominated by large firms that produce for national and international markets and are able to dictate prices to suppliers and retailers, as well as wages to their workers, is called corporate capitalism. This is because the power lies in the hands of corporations, rather than in the market or competition.

An Economy Dominated by Large Firms That Produce for National