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Monopolistic and Oligopolistic Competition as an Exogenous Factor of Growth of Production Scale and Concentration


Elena Samorodova
(about the author)

Samorodova Elena Mikhaylovna – Associate Professor, Chair of Economic Theory and Global Economy, Orel State Institute of Economics and Trade

Published in:
Russian Journal of Entrepreneurship
– № 8-1 / August, 2010



Keywords: centralization of capital, competitive advantages, concentration of production, imperfect competition, innova tions, investments, monopolization, scientific and technical progress


Citation:
Elena Samorodova (2010). Monopolistic and Oligopolistic Competition as an Exogenous Factor of Growth of Production Scale and Concentration. Russian Journal of Entrepreneurship, 11(8), 12-17. — url: http://bgscience.ru/com/lib/2252


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Abstract:

Accelerating the process of production and capital concentration is one of the objective tendencies in developing modern economic systems. Concentration of production is mediated functionally by monopolistic and oligopolistic competition, providing conditions for capital accumulation. Imperfect competition implies investments in R & D to achieve competitive advantages leading to a temporary monopoly position, which opens up opportunities for new investments and innovations. The result is a scientific and technological progress.







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