The growth of many small producers undermining the power of larger conglomerations
What is conglomeration?
Conglomeration is the process of combining multiple separate entities into one large entity, such as a corporation or other business. This can involve merging multiple companies into the same corporation, merging multiple business divisions, or merging multiple subsidiaries into the same parent company. Conglomeration can also refer to the merging of two different industries, such as combining a technology company and a manufacturing company. Conglomeration is often done to increase efficiency, reduce costs, and create a larger and more powerful organization. Conglomeration can also help a business to diversify its portfolio and create a more stable financial base. This can be beneficial in many ways, such as improving the company's ability to compete in the marketplace, creating more opportunities for growth, and reducing overall business risk.
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