Monopoly
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| + | # A situation in which solely one [[company]] exclusively [[provide]]s a particular [[product]] or [[service]], dominating that [[market]] and generally exerting powerful control over it. | ||
| + | # An exclusive control over the trade or manufacture of a commodity | ||
| + | # A company dominating a [[market]] in one of the the above manners. | ||
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| In [[economics]], a '''monopoly''' (from [[Greek language|Greek]] ''monos '', alone or single + ''polein '', to sell) exists when a specific individual or enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it. | In [[economics]], a '''monopoly''' (from [[Greek language|Greek]] ''monos '', alone or single + ''polein '', to sell) exists when a specific individual or enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it. | ||
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- A situation in which solely one company exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.
- An exclusive control over the trade or manufacture of a commodity
- A company dominating a market in one of the the above manners.
In economics, a monopoly (from Greek monos , alone or single + polein , to sell) exists when a specific individual or enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it.
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Monopoly" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
