Question

In your opinion, why don’t businesses cooperate more? Cooperate is not the same as collaborate. Think of a business that needs to borrow something from a like business until their supply arrives. Don't limit your answer to that scenario, but it should help you stay on the right track.

Answer 1

Businesses don't co-operate more because of the fact that certain businesses are different in terms of their advantages and they don't want to share it with others and apart from that there are also many legal complications if they co-operate with each other. Let us say a business needs Steel while a competitor has the amount of Steel in surplus but they wouldn't corporate with each other because of the competition where the company which has existed would take it as an advantage and make high bargain deals or they would use to gain a large amount of market share. This way the profit can be considered as the main reason for which companies are driven