Difference between revisions of "Monopoly"

From civicintelligence
(How it works)
(How it works)
Line 6: Line 6:
  
 
====How it works====
 
====How it works====
Monopolies usually occur when a business or individual acquires a new resource that is in high demand, oil lumber, computer software. Before government regulations, or public opinion can challenge the companies selling their product, the monopoly on that product has already happened.
+
Monopoly's usually occur when a business or individual acquires a new resource that is in high demand, oil, lumber, computer software. Before government regulations, or public opinion can challenge the companies selling their product , the monopoly has already happened. After the Monopoly's have acquired a foot hold in the market place, they can continue the survival through buying out their competition. In most cases, it takes an act of the government to bust up the monopoly's in order to create a more balanced and competitive market.
  
 
====Evidence====
 
====Evidence====

Revision as of 20:02, 4 November 2013

This looks like something we'd like....

Description

Monopolies (both actual and defacto) exist when one institution controls the access to something else, generally a commodity, information, or a service. In the absence of external controls, the institution can (and almost inevitably does) then set the price, determine the attributes of what they’re selling, and, even, who’s eligible to acquire what’s being sold. The key to the idea is control. A monopoly that is actually being regulated does not have the power that an unregulated one has, a power that is generally misused.

How it works

Monopoly's usually occur when a business or individual acquires a new resource that is in high demand, oil, lumber, computer software. Before government regulations, or public opinion can challenge the companies selling their product , the monopoly has already happened. After the Monopoly's have acquired a foot hold in the market place, they can continue the survival through buying out their competition. In most cases, it takes an act of the government to bust up the monopoly's in order to create a more balanced and competitive market.

Evidence

Links

Example Link

Resources