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Which term best explains what exists when one person or company had exclusive control over a particular good or service?
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What best explains what exists when one person or company has exclusive control over a particular good or service?
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.
What is monopoly in social studies?
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. "
What does monopoly of trade mean?
a fur trade monopoly is the control over fur
What is monoploy?
Monopoly (monos=single or alone, polein =to sell) means exclusive control of the market supply of a product or service.
Company that has control of an entire industry?
A Monopoly
Which term best explains what's exists when one person or company has exclusive control over a particular good or service?
Monopoly
What best explains what exists when one person or company has exclusive control over a particular good or service?
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.
What term best explains what exists when one person or company has exclusive control over a particular good or service?
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.
What is the name for when a company take exclusive control of an industry?
Monopoly
What is the meaning of monopolies?
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 what?
When you have exclusive control of anything, you monopolize it
What is exclusive control?
When you have exclusive control over something, you monopolize it. -- XxMUSE FANxX
What is monopoly in social studies?
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. "
What is the exclusive control of an industry?
a monopoly
What is a word for exclusive control?
Monopoly.
Who has exclusive authority direction and control of the Joint Staff?
The Chairman of the Joint Chiefs of Staff has exclusive authority, direction, and control of the Joint Staff.
What strategies enabled big business to eliminate competition?
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.
