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A Monopoly is a situation on the market where there is only one person/company selling a defined good or service.
Monopolies in a capitalist system form naturally because of competition, leading to the late stage capitalism.[1]
The concentration of capital is empirically proven across multiple industries.[2]
References[edit | edit source]
- ↑ Vladimir Lenin (1916). Imperialism, the highest stage of capitalism: 'Concentration of production and monopolies'.
- ↑ OXFAM MEDIA BRIEFING (2024-09-23). "Multilateralism in an era of global oligarchy" Oxfam.