Page 102 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.70, # 1, 2013, pp. 97-117

relations between different historical periods which separated from each other

hundred years, too? In order to answer this question let’s follow the destruction of

manufacture monopoly and its transforming to free competition.

The monopoly power of manufactures over the local markets is based on the

unchangeable nature and static character of these markets. Only manufacture

production could cope with the payment of public needs problem under such

conditions. Manufacture production started to lose monopoly position since XVII

century in which markets eventually began to grow and structure of needs changed.

Such extremely accelerated historical process with the help of industrial revolution

that allowed free competition to go on work.

This process allowed strengthening of competition, creation of national states

and the establishment of single national markets in Western Europe. Manufacture

production organized as conservative and monopoly hadn’t enough power to meet

the growing needs of national states and national markets. The states distributed

the production of new sectors: silk and cotton cloth, textile products, carpets,

porcelain and etc. surely, these productions are not in the area of influence of

manufactures. Relatively big manufactures were established in England, France

and in some other countries with the assistance of state power. Manufacture

production was serious rival for workshop art.

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