Search results
Results from the WOW.Com Content Network
A monopoly (from Greek μόνος, mónos, 'single, alone' and πωλεῖν, pōleîn, 'to sell') is a market in which one person or company is the only supplier of a particular good or service.
Biopiracy (also known as scientific colonialism [citation needed]) is the unauthorized appropriation of knowledge and genetic resources of farming and indigenous communities by individuals or institutions seeking exclusive monopoly control through patents or intellectual property. [1]
In-depth analysis of the market and industry is needed for a court to judge whether the market is monopolized. If a company acquires its monopoly by using business acumen, innovation and superior products, it is regarded to be legal; if a firm achieves monopoly through predatory or exclusionary acts, then it leads to anti-trust concern.
The term monophyly, or monophyletic, derives from the two Ancient Greek words μόνος (mónos), meaning "alone, only, unique", and φῦλον (phûlon), meaning "genus, species", [4] [5] and refers to the fact that a monophyletic group includes organisms (e.g., genera, species) consisting of all the descendants of a unique common ancestor.
A state monopoly can be characterized by its commercial behavior not being effectively limited by the competitive pressures of private organisations. [1] [2] This occurs when its business activities exert an extensive influence within the market, can act autonomously of any competitors, and potential competitors are unable to successfully compete with it.
In economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement.
Two different types of cost are important in microeconomics: marginal cost and fixed cost.The marginal cost is the cost to the company of serving one more customer. In an industry where a natural monopoly does not exist, the vast majority of industries, the marginal cost decreases with economies of scale, then increases as the company has growing pains (overworking its employees, bureaucracy ...
A de facto monopoly is a monopoly that was not created by the government. It is most often used in contrast to de jure monopoly, which is one that is protected from competition by government action. [1] In a free market without government intervention this kind of monopoly is theoretically unobtainable for any extended amount of time.