Problem
Monopolies
Experimental visualization of narrower problems
Other Names:
Captive marketsDuopoly
Nature:
Monopolies are large economic associations, such as cartels, syndicates, trusts, or concerns, which are owned by individuals, groups, or shareholders and which control industries, markets, or entire economies through a high concentration of capital and production. Their aim is to deny other producers the opportunity to compete. Their domination of the economy is the basis for their influence on all spheres of life. A monopoly may be granted by the state for certain purposes or may be acquired through the normal processes of business competition. In present day economics, a monopoly is presumed to exist when one firm has one third of the market, but the situation is considered to be more serious if three or four big firms have over half the market.
Broader Problems:
Economic dictatorship Narrower Problems:
State monopolyFood monopoliesEnergy monopoliesAerospace monopoliesAluminium monopoliesMonopoly of the mediaLiner shipping cartelsIndustrial gas monopoliesMonopoly consumer servicesUnfair air transport practicesIndiscriminate anti-trust prosecutionInsurance monopolies in capitalist countriesLegal profession's monopoly of court proceedingsMonopolistic activity by transnational enterprisesProtectionism in the telecommunications industriesForeign exchange monopoly Related Problems:
CartelsDomestic cartelWhite-collar crime Aggravates:
Grey liesBusiness bankruptcy References:
Kierzkowski, Henryk: Monopolistic Competition and International TradeNukhovich, E: International Monopolies and the Developing CountriesBaran, P and Sweezy, P: Monopoly Capital Subject(s):
Commerce → Conditions of tradeCommerce → Market
Related UN Sustainable Development Goals:
Problem Type:
C: Cross-sectoral problems Date of last update
04.10.2020 – 22:48 CEST