Page 101 - Azerbaijan State University of Economics

Nazim U. Hajiyev: Assessment stages of cyclical development of monopoly and
competition in terms of the reconstruction of Azerbaijan economy

led to empowering of manufactures. Absence of competition caused smaller

regulations for maintenance of quality.

However such measures had only little effect. It should be noted that wide

spread ideas about the high quality products made by middle age craftsmen is

confronting with historical facts. The monopoly of these craftsmen made great

opportunity to decrease quality of goods, even deceive and falsification without

any punishment. For example, London baker theft dough on the table with secret

hole and help of a man sitting under the table in front of the eyes of customers.

Blacksmiths produced goods with low-quality iron which melt in the fire. Sheets

were tightened and then folded with certain ways to hide defects. Low quality

leather tanned in such way, that eternally it looked like high quality leather [V.

Rauscher, 1999 p. 48]. From the other side, suppression of competition as

M.I.Tuqan Baranovski said, “It caused not availability of very rich craftsmen and

extremely poor craftsmen” [Tugan-Baranovsky M.I., 1994.p. 68].

Description of middle age welfare represents some characteristics of daily

economic life of Soviet society. Such level of similarity creates possible historical

repetition thought on development of monopoly structures forming in economical

environments (economical environments in the middle age cities and soviet

society) which qualitatively different and distant from each other. A question is

rising in this situation: Are there any similarity in development of competition

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