strategy

Operating a monopoly

Synonyms:
Forming monopoly cartels
Forming oligopolies
Description:
Exclusive possession of the trade in some commodity or resource, whether acquired or granted by law. Monopolies are held by one person, company or government; oligopolies by several, such as a cartel. In practice the monopoly needs to dominate a given sector to the point where fair competition ceases to exist and other producers lose their market and bargaining power.
Claim:
Monopolies centralize the dealings of a commodity, allowing products, services and prices to be planned rationally as market and economic circumstances require.
Counter Claim:
Monopolies neglect the natural product improvements which occur through competition for markets, and concentrate excessive wealth and power in the hands of a few people. Labour viewed as a service commodity may be unfairly monopolized by trade unions with a result of driving the cost of labour up and restricting training and work-force entrance opportunities to youth, women, migrants and minorities.
Broader:
Using cartels
Using economies of scale
Narrower:
Simple capital monopoly
Operating state monopoly in capitalism
Providing patent coverage
Constrained by:
Advocating free access to telecommunication networks
Facilitates:
Limiting monopolies
Strengthening monopoly
Improving efficiency of trade
Facilitated by:
Advocating oligarchy
Problems:
Aerospace monopolies
Aluminium monopolies
Energy monopolies
Film monopoly
Food monopolies
Foreign exchange monopoly
Industrial gas monopolies
Insurance monopolies in capitalist countries
Legal profession's monopoly of court proceedings
Liner shipping cartels
Monopolies
Monopolistic activity by transnational enterprises
Monopolization of agricultural genetic resources
Monopoly consumer services
Monopoly of competence for intervention in the future
Monopoly of nuclear power techniques
Monopoly of the economy by corporations
Monopoly of the media
Monopoly power due to advertising
Newspaper monopoly
Oligopolies
Protectionism in the automobile industry
Protectionism in the telecommunications industries
Purchasing monopolies
Restrictive practices in the beverages and tobacco trade
Satellite transmission monopoly
Super-power monopoly of advanced nuclear warfare technology
Television monopoly
Undue concentration of capitalist banks
Unfair air transport practices
Union monopoly and violence
Values:
Cartel
Monopoly
Habit-forming
Subjects:
Commerce → Conditions of trade
Type Classification:
C: Cross-sectoral strategies
Related UN Sustainable Development Goals:
GOAL 10: Reduced Inequality