Just as you may notice the growing influence of large corporations in your daily life, it's critical to understand how their consolidation exacerbates economic inequality. As businesses merge and dominate markets, they often wield significant power over pricing, wages, and employment opportunities. This concentration of wealth and resources not only undermines competition but also contributes to a widening gap between the rich and the poor. In this post, we will explore the mechanisms behind corporate consolidation and its long-lasting effects on your economic landscape.Key Takeaways: Market Power: Corporate consolidation leads to increased market power for a few large companies, reducing…