Search results
Results from the WOW.Com Content Network
Herminio Disini, a Marcos crony known for his tobacco monopoly, also had dealings with agriculture and logging. Disini had timber and pulpwood operations in Abra and Kalinga-Apayao in Northern Luzon. Hundreds of families and indigenous groups were evicted for the benefit of his company, backed by presidential degrees.
While the investment was minimal, Disini's big break came when Marcos issued Presidential Decree 750 on July 21, 1975, where it increased the tariff on raw materials imported by the competitor by a 100%. This forced the competitor out of business. [33] Disini became infamous for brokering the deal for the Bataan Nuclear Power Plant. The PCGG ...
In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices, which is associated with unfair price raises. [2] Although monopolies may be big businesses, size is not a characteristic of a monopoly.
[1] [2] A monopoly occurs when a firm lacks any viable competition and is the sole producer of the industry's product. [1] [2] Because a monopoly faces no competition, it has absolute market power and can set a price above the firm's marginal cost. [1] [2] The monopoly ensures a monopoly price exists when it establishes the quantity of the ...
It is a monopoly created, owned, and operated by the government. It is usually distinguished from a government-granted monopoly, where the government grants a monopoly to a private individual or company. A government monopoly may be run by any level of government—national, regional, local; for levels below the national, it is a local monopoly.
With Monopoly just having turned 80 this year, many real-life personal-finance lessons can be learned from the classic money-loving board game, which is now made in 47 languages and sold in 114 ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Articles related to monopoly, the situation when a specific person or enterprise is the only supplier of a particular commodity. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. [1]