What is a monopoly?

"Monopoly" is a term from an economy concerning a situation where only one company provides an irreplaceable good or service. Because the company in question is the only place to find good or service, they have the ability to charge what they want, at the expense of market competition, which is the basis of a healthy economy. Such a company is reportedly a monopolizing part of the market. This was a side effect to be the inventor of the product for which there is high demand, but no already existing supply. Other monopolies occur when consolidation across industries leads to a single supplier. This was the case of Standard Oil, which had to be divided by the government in 1911. Navrchová's government and if monopolies are formed, it is the will of the market and should not be conquered with them. However, most economists even wish low government interventions in private markets recognize that antitrust actions such as antimonopoly legal decisions are necessary in some special interests.

The accusations of the monopoly are common whenever one company gains a large market share in the product offer. The classic example of the last few decades is Microsoft, although their superiority compared to operating systems and internet browsers has been eroded with Firefox browsers with an open source source and operating systems, as well as for Safari Mac and Mac OS. In the past, Microsoft has been involved in lengthy court proceedings over the accusations of the monopoly.

At the age of 10 and 20, the 20th century was developed and put into the US and the unfavorable effects on the economy they created were particularly unwelcome during the great depression. Among the examples of today's monopolies are NFL with American football, MLB with American baseball, Debeers, who controls most of the world's diamond markets and AT&T, which was divided in 1982, but recently with reconsolidation.