OPEC is a cartel, a gaggle of impartial entities (on this case nations) designed to affect the manufacturing or sale of a selected product or commodity. OPEC is highly effective, however it’s not a monopoly, which is a enterprise or group that has unique management over the manufacturing or distribution of a product. An oligarchy is a authorities run by a small faction of individuals.
OPEC is a cartel, a gaggle of impartial entities (on this case nations) designed to affect the manufacturing or sale of a selected product or commodity. OPEC is highly effective, however it’s not a monopoly, which is a enterprise or group that has unique management over the manufacturing or distribution of a product. An oligarchy is a authorities run by a small faction of individuals.
OPEC is a cartel, a gaggle of impartial entities (on this case nations) designed to affect the manufacturing or sale of a selected product or commodity. OPEC is highly effective, however it’s not a monopoly, which is a enterprise or group that has unique management over the manufacturing or distribution of a product. An oligarchy is a authorities run by a small faction of individuals.