There is no denying that the world is experiencing an economic recession. A recession can be defined as a temporary depression in economic activity or prosperity—an understatement for many throughout the world. During recessions, many small, startup, and developing businesses fail while many larger businesses merge and monopolies are created. A monopoly is exclusive control, by a business or group, of the market supply of a product or service. In monopolies, companies set their prices and level of production at a level assuring maximum profits and adjust the rate of introduction of new technology to adhere to these profit aims, thus giving rise to uncontrollable and unregulated superprofits.
Increasing competition is the best means of combating monopolies. Developing the endangered yet surviving small businesses is a means of increasing competition. As competition increases, prices come down which is healthy for the economy. We work with small businesses to build a support network that assures not only survival but growth, marketability, and competitiveness.
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