Gourt > News > Current Events > Business and Economy > Mergers and Monopolies (3)
- This article is about the state of a player in economics. For the Parker Brothers board game see Monopoly (game).
In economics, a monopoly (from the Latin word monoplium - Greek language monos, one + polein, to sell) is defined as a persistent market situation where there is only one provider of a kind of product or service. Monopolies are characterized by a lack of economic competition for the good or service that they provide and a lack of viable substitute goods.
Monopoly should be distinguished from monopsony, in which there is only one buyer of the product or service; it should also, strictly, be distinguished from the (similar) phenomenon of a cartel. In a monopoly a single firm is the sole provider of a product or service; in a cartel a centralized institution is set up to partially coordinate the actions of several independent providers (which is a form of oligopoly).
More on [ Monopoly ]
Monopolies and Oligopolies :: Economic
@quick13 ugh. so sick of the monopolies and mergers! how many people really control our media now?
marissapherson (marissapherson) Tue, 08 Dec 2009 01:27:01 -0000
@quick13 ugh. so sick of the monopolies and mergers! how many people really control our media now?
2003 Global Influentials: Crash Course in Conglomerates - CNN presents lists of the major properties owned by five of the world's largest companies.
Competition Online - Site about competition laws and issues. Based in Ireland, also focus on international information.
Department of Justice: Antitrust Division Home Page - News and background from government bureau responsible for anti-trust enforcement.
U.S. Federal Trade Commission -- Antitrust/Competition - News, information and other resources from the FTC branch that monitors and enforces anti-trust and competitive issues.
Yahoo! Full Coverage:Antitrust and Trade Regulation - Current news, background information and links.
| Push for merger of sugar factories | |
| Next Video | |
