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I am not that knowledgable, I study at business university with some economics classes. In my understanding, in monopoly there is an incentive towards rising p
by qnsi 7y ago
I am not that knowledgable, I study at business university with some economics classes.
In my understanding, in monopoly there is an incentive towards rising prices to gain the biggest profit. In competitive models, market price is getting lowered until profits reach 0 for all companies.
This is of course ideal. I am capitalism biased, mostly because my parents lived under communism, and after it ended Poland achieved great growth (inequality has risen, so there are people with other views)
https://www.theglobalist.com/poland-economy-gdp-european-union/ https://www.theglobalist.com/poland-economy-gdp-european-uni... This portal seems to be biased, but article has some info about what improved in Poland
One thing that is the big topic now, is healthcare. Of course there is no gain in comparing developed country like USA to Poland, but our healthcare is one of the worst in EU. Czech Republic, not that richer and also post-communist has much better place regarding healthcare (12th in Europe, Poland is 31st)
I hope I didn't bore you, maybe perspective from forgotten part of the world is interesting for you
Estonia and Slovenia are also high in the list. Estonia has competetive system. Slovakia has more centralized system I think, but they spend a lot of GDP % on healthcare I think.