It is a business or company owning all or mostly that one single trade. For example Microsoft ending up owning the computer industry making it hard for other computer/software companies from moving forward. Only the US Congress can declare monoplies.
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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. "
Sole control or monopoly means that a company has too much or all of the market share and it can affect supply, demand and even prices of a specific product. Monopoly is not good for a country and consumers over there.
By raising silkworms and pioneering silk cloth production
A situation in which a single company or group owns all or nearly all of the market for a given type of product or service. By definition, monopoly is characterized by an absence of competition, which often results in high prices and inferior products.
Government by definition is coercion.Government is characterized by a monopoly of the legitimate use of force to create the social order it wants.
There are four main types of monopoly in the market: natural monopoly, geographic monopoly, technological monopoly, and government monopoly.
To acquire a monopoly of; to have or get the exclusive privilege or means of dealing in, or the exclusive possession of; to engross the whole of; as, to monopolize the coffee trade; to monopolize land.
There are many different types of Monopoly. I can name a few. : Monopoly Monopoly Spongebob Squarepants Edition Monopoly Disney Pixar Edition Monopoly Junior
Jane has a monopoly in that area. Mary has a monopoly of banks.
Some popular games on the Monopoly games list include Monopoly Classic, Monopoly Junior, Monopoly Empire, and Monopoly Ultimate Banking.
If you want something entertaing for a short period of time Monopoly Express is better.If you want somethig that is longer , Monoploy. But you could play the original Monopoly on the Monopoly Express gameboard.