concern

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concern

a commercial company or enterprise

Concern

 

one of most developed forms of monopolist associations, characterized by a unity of ownership and control. It is the prevailing form of monopoly in contemporary developed capitalist countries. Member enterprises are subject to the control of the financial magnates heading the concern. Sometimes a special company, the holding company, is set up to act as a managing body of the concern; the holding company will have a controlling interest in many different companies.

Concerns were first founded in Germany after World War I. They developed further with the growth of new forms of production concentration, above all the integration in the ferrous and nonferrous metal industry, the coal and oil processing industries, and the chemical industry. In the 1920’s the concentration and centralization of capital became widespread in the USA. There the process was vertical; that is, it consisted of the combination of successive stages of the production process, from the initial raw materials to various finished products.

After World War II, the concerns, influenced by the scientific-technological revolution and the intensification of uneven economic development and the competitive struggle among the capitalist monopolies, assumed new features: their intersectorial diversification, because of the specific conditions of capital accumulation, became more pronounced; fundamental and applied research grew; and the number of large scientific laboratories and experimental shops and departments increased. After the war, the number of international concerns increased greatly.

The decisive advantages of the concerns in the sharp competitive struggle stem from large-scale integrated production, constant introduction of advanced technology, the output of new types of products, the concentration of patents, the possession of production secrets, the accumulation of know-how, and the development of self-financing.

Bourgeois apologists try to represent the concern as an efficient and progressive organization. However, the activity of a concern clearly shows how technological progress under capitalism enriches small groups of large-scale owners and managers and how the progressive aspects are organically interwoven with economic stagnation.

REFERENCES

Politicheskaia ekonomiia sovremennogo monopolisticheskogo kapitalizma, vol. 1. Moscow, 1970. Chapter 6.
Khmel’nitskaia, E. L. Ocherki sovremennoi monopolii. Moscow, 1971.

IU. B. KOCHEVRIN

References in periodicals archive ?
In the last five months, state weather bureau PAGASA has been warning provinces that they would experience less rainfall due to the weak El Nintildeo but only less than half of each region's population expressed concern. The lowest level of concern was observed in the National Capital Region with only 11 percent.
A majority of Google users are very concerned about their personal information being sold (57%), topping a list of five concerns Gallup polled about.
NAME: Penrhos Polish Nursing and Residential Home LOCAL AUTHORITY: Gwynedd SERVICE: Adult care home with nursing PATHWAY TO SERVICE OF CONCERN: Urgent enforcement action CONCERNS IN THE REPORT: The lack of management and leadership and concerns over the quality of care NAME: Coed Duon Care Home LOCAL AUTHORITY: Flintshire SERVICE: Adult care home with nursing PATHWAY TO SERVICE OF CONCERN: Non compliance RESPONSE: Nurse manager Donna Woodruff said: "I can confirm that we are no longer an area of concern since I took over.
The Pulse Asia report, released yesterday, also said most Filipinos approved of the Duterte administration's work in addressing all urgent national concerns included in the survey, except for one-controlling inflation, which was regarded a priority by a third of the respondents.
"Whenever I asked when we'd see someone, the answer was always: 'In a minute.' .' There was busyness, laughter, joking - but nobody addressed our concerns." Response: There is insufficient information to uphold this concern.
There was busyness, laughter, joking - but nobody addressed our concerns." Response: There is insuf-fficient information to uphold this concern.
NEW YORK--Consumers are becoming increasingly concerned about the amount of sugar in their diet, a new study from Mintel Research Consultancy shows.
Other concerns included the Real Estate Settlement Procedures Act (RESPA) fee tolerances (49.7% high concern) and the Qualified Mortgage Rule (49.1% high concern).
However, while the goal of many writing centers calls for a focus on the development of the writer, the writer's concerns often focus more on the assignment that brings him or her to the writing center (Harris 34).
Nurses from across the North-east and Cumbria voiced their fears about reporting concerns over the quality of patient care as some of the 3,000 members of the Royal College of Nursing (RCN) nationwide who were surveyed.
The survey also found there was slightly more concern about the condition of the state's roads and bridges (65 percent) than the cost of complying with environmental regulations (61 percent), though about the same percentage of respondents (24 for roads, 25 for regulations) described them both as major concerns.