With minimal government intervention, oligarchs created monopolies by merging their new business properties that spanned over many industries together. These monopolies were then favored in the limited government regulation of the Russian economy, and subsequently edged out all small businesses. Monopolies became the only companies that could thrive in the economy so no economic competition existed in Russia. This hindered the advancement of business technology, because the monopolies had no reason to improve. The only reason monopolies would adhere to the advancement of technology is if international competitors made new and improved products. Then Russian oligarchs would submit to the innovations in business technology. Oligarch monopolies limited the advancement of business technology and consequently hindered the Russian
With minimal government intervention, oligarchs created monopolies by merging their new business properties that spanned over many industries together. These monopolies were then favored in the limited government regulation of the Russian economy, and subsequently edged out all small businesses. Monopolies became the only companies that could thrive in the economy so no economic competition existed in Russia. This hindered the advancement of business technology, because the monopolies had no reason to improve. The only reason monopolies would adhere to the advancement of technology is if international competitors made new and improved products. Then Russian oligarchs would submit to the innovations in business technology. Oligarch monopolies limited the advancement of business technology and consequently hindered the Russian