When one company out-sells another and the one that was out sold goes bankrupt, it is called a monoply.
Actually, a monopoly is when only one business has control over an industry.
The term for running another business out of business is called predatory capitalism. For instance, lets say you and I both sell Hot Dogs, and can both make a comfortable income at $1 each. Lets supposed I am wealthier than you already and really don't need the business. So I start selling hot dogs for twenty cents each. Yes, it would hurt me, but if you don't have the same resources, it would run you out of business. Then I could charge $2 each or whatever. I'd have all your customers and the freedom to charge what I want. So predatory capitalism can create a monopoly, but that is not the only way one is created.
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
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A monopoly has one producer in a market and duopoly has two.
Monopoly
MONOPOLY
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
The term monopoly refers to limiting competition.Capitalized, it is the famous board game Monopoly.
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monopoly?
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No. Monopoly is not a place, it's an economic term. It means that the entire market for a product is controlled by a single company.
Monopoly
it means your monopoly is broken or your head is broken
A monopoly has one producer in a market and duopoly has two.
Monopoly
A monopoly
Monopoly. See related link.