|
|
|
|
|
by belorn
4564 days ago
|
|
"A monopoly (from Greek monos μόνος (alone or single) + polein πωλεῖν (to sell)) exists when a specific person or enterprise is the only supplier of a particular commodity.
Monopolies are thus characterized by a lack of economic competition to produce the good or service and a lack of viable substitute goods. The verb "monopolize" refers to the process by which a company gains the ability to raise prices or exclude competitors." - Wikipedia You can monopolize an market by popularity, and thus create a monopoly. However, monopoly and popularity is not the same word. |
|