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
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.
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. "
a monopoly
Monopoly.
The Chairman of the Joint Chiefs of Staff has exclusive authority, direction, and control of the Joint Staff.
Monopoly is a group's exclusive control over goods or services within a particular market, allowing them to set prices and restrict competition. This can have negative effects on consumers in terms of choice, quality, and pricing. Regulatory measures are often put in place to prevent monopolies and promote fair competition.