Question:
Use the Development of Rail and Motorways in the UK to explain why Monopoly Power can change due to Creative Destruction
Author: eric_galvaoAnswer:
-The 19th Century in the UK saw Firms use Rail to Transport Freight rather than Canal. This Destroyed the Monopoly Power of the Canal Owners -The Development of Motorways and Lorries has Destroyed the Monopoly Power of Railway Owners in turn
0 / 5 Â (0 ratings)
1 answer(s) in total