Concept information
Preferred term
monopolies
Definition
- Monopolies (from the Greek monopolion, “one seller”) are markets with a single producer or distributor of a certain product or service. In addition, this exclusivity serves as a barrier to free market entry, product differentiation, and a stable (inelastic) demand for products due to the non-availability of close substitutes. [Source: Encyclopedia of Social Problems; Monopolies]
Broader concept
Narrower concepts
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-HBT1XSPC-3
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