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... > social science subjects > sociology > social problems > social problems encyc > economics and work > monopolies
... > social science subjects > economics > economic systems > market economy > market structure > monopolies
... > social science subjects > politics and international relations > political science > comparative politics > economic systems > market economy > market structure > monopolies
... > social science subjects > economics > economic concepts > political economy > market economy > market structure > monopolies
... > social science subjects > politics and international relations > political science > political economy > market economy > market structure > monopolies

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]

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https://concepts.sagepub.com/social-science/concept/monopolies

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