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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.
What else can I help you with?
What is the difference between the term 'monopoly' and 'natural 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.
What is the legal term that describes the controlling body of a monopoly?
Trust
What is the term used to describe a market that is dominated by a single corporation or entity?
Monopoly
What is meant by the term duopoly?
A monopoly has one producer in a market and duopoly has two.
What term is used to describe a business that becomes so large it literally swallows up the competition?
MONOPOLY
What is the difference between the term 'monopoly' and 'natural 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.
How do you spell monopley?
The term monopoly refers to limiting competition.Capitalized, it is the famous board game Monopoly.
What is the legal term that describes the controlling body of a monopoly?
Trust
What is the term used for a company that is buying another company?
monopoly?
What is the legal term that describe the controlling body of a monopoly?
Trust
Is there a real location known as monopoly?
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.
Is monopoly a vegetable?
No, a monopoly is not a vegetable; it is an economic term that describes a market structure where a single seller dominates the market, controlling the supply of a product or service. In a monopoly, the seller has significant power to influence prices and restrict competition. The term is often used in discussions about market fairness and regulation.
What is meant by the term duopoly?
A monopoly has one producer in a market and duopoly has two.
What term best describes a company that completely dominates a particular industry?
A monopoly
What is the term for the breaking up of monopolies?
it means your monopoly is broken or your head is broken
What is the term used to describe a market that is dominated by a single corporation or entity?
Monopoly
What is the term used to describe a market that is dominant by a single corporation or entity?
Monopoly
