Business owners and managers have a great deal of control over the internal environment of business, which covers day-to-day decisions.
When I worked a little while as a comanager, it was difficult having to oversee every little detail in paperwork, when someone couldn't make it to their shift, and even with the customer count in general at work.
of the characteristics of a free-market system is that suppliers have the right to compete with one another. The number of suppliers in a market defines the market structure. Economists identify four types of market structures: (1) perfect competition, (2) pure monopoly, (3) monopolistic competition, and (4) oligopoly.
I found this intro very interesting since I never knew much about this subject. I always knew that there was competition within the markets, but I didn't think there were this many types. I want to say that the one I'm most familiar with would be an oligopoly since it's the simplest one to understand, considering it's only for a small number of producers and sellers.