Monopoly

:This article is about the state of a player in economics. For the Parker Brothers board game, see Monopoly (game).

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

In economics, a monopoly (from the Greek monos, one + polein, to sell) is defined as a persistent market situation where there is only one provider of a kind of product or service. Monopolies are characterized by a lack of economic competition for the good or service that they provide and a lack of viable substitute goods.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Monopoly should be distinguished from monopsony, in which there is only one buyer of the product or service; it should also, strictly, be distinguished from the (similar) phenomenon of a cartel. In a monopoly a single firm is the sole provider of a product or service; in a cartel a centralized institution is set up to partially coordinate the actions of several independent providers (which is a form of oligopoly).

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Economics: Economics (from the Greek οίκος , 'house', and νομος , 'rule', hence "household management") is a social science that studies the production, distribution, trade and consumption of goods and services. Economics is said to be positive when it tries...

Parker Brothers: Parker Brothers is a toy and game manufacturer and brand. The company has published more than 1800 games; among their best known products are Monopoly, Cluedo (known as Clue in North America), and Risk. Parker Brothers is currently a subsidiary of Hasbro....

Monopoly (game): Monopoly is one of the best-selling commercial board games in the world. Players compete to acquire wealth through stylised economic activity involving the purchase, rental and trading of real estate using play money, as players take turns moving around the board according to the roll of the dice. ...

Monopoly related Images and Photos (experimental)

Monopoly City	Monopoly Game	Monopoly (Spanish Rules)	Monopoly Money
Monopoly City Game	Monopoly Board Game	NHL Monopoly	Monopoly Junior Game
Anti Monopoly	Monopoly Deal Card Game	Monopoly Deal Card Game	Monopoly Go Travel Game