When a single person or company has exclusive control over a good or service it is called a monopoly. Monopolies are characterized by a lack of competition in the market.
The definition for the word monopoly in social studies is "exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. "
a fur trade monopoly is the control over fur
Monopoly (monos=single or alone, polein =to sell) means exclusive control of the market supply of a product or service.
A Monopoly
The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some market; sole command of the traffic in anything, however obtained; as, the proprietor of a patented article is given a monopoly of its sale for a limited time; chartered trading companies have sometimes had a monopoly of trade with remote regions; a combination of traders may get a monopoly of a particular product., Exclusive possession; as, a monopoly of land., The commodity or other material thing to which the monopoly relates; as, tobacco is a monopoly in France.
Monopoly
When a single person or company has exclusive control over a good or service it is called a monopoly. Monopolies are characterized by a lack of competition in the market.
Monopoly
Monopoly is the control of a commodity or service in a particular market or the manipulation of prices. The control is exclusive.
When you have exclusive control of anything, you monopolize it
When you have exclusive control over something, you monopolize it. -- XxMUSE FANxX
The definition for the word monopoly in social studies is "exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. "
Monopoly.
a monopoly
The Chairman of the Joint Chiefs of Staff has exclusive authority, direction, and control of the Joint Staff.
Your business needs to be the best is selling and marketing.OrThe formation of monopolies allowed for exclusive control over the supply of a particular product with no competition.
Monopoly