Is there an advantage to having monopolies and trusts in Texas today? Explain.

Yes there is an advantage to having monopolies and trusts in Texas today.

Explanation:

Monopoly is defined as the exclusive control of the supply of trade in a commodity or service. There is only business and no competition occurs.

A trust is a combination of two or more business placing themselves as one business. They normally have a single manager which controls the affairs of the business.

Monopoly and trusts have advantage such as consistent and regular supply of a commodity which is too expensive to provide in a competitive market. The electric and water companies are good examples of a needed monopoly. This helps in cutting cost for the government because setting up more plants to be controlled by other companies will be expensive. The Government gives a company to run the affairs of the existent plants.

hello there!

the graphics that you have attached within the question, indicates that few people in bolivia work in industry according to its labor force.

however, the graphic that is on the right side of the picture shows the gdp sector in bolivia. this gross domestic product is a macroeconomic magnitude   that shows the monetary value of all finished goods and services within a country's borders in a specific time period. in this case, the graphic is showing the monetary value in each sector -agriculture, industry and services- of bolivia in 2012.

so, although the first graphic located at the left side indicates that not so many people work in industry, this is the second most important sector according to the gdp metrics because of the monetary value that impacts on its country. it does not need to be the most valuable one. if it makes an impact on the country's economy, it will be definitely crucial to it.

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