MONOPOLISATION Meaning and
Definition
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Monopolisation refers to the process or act of acquiring or maintaining exclusive control or dominance over a particular market or industry by a single company or entity. It involves the elimination or minimizing of competition, granting the monopolistic entity significant power and influence over the market.
This practice is often achieved by various means, such as predatory pricing, aggressive marketing tactics, manipulation of supply or demand, mergers and acquisitions, and the use of patents or other forms of intellectual property rights. Through these strategies, the monopolistic entity becomes the sole provider of goods or services, making it extremely difficult for other businesses to enter the market or survive.
Monopolisation can have both positive and negative effects. On one hand, it can lead to increased efficiency, economies of scale, and innovative advancements, as the monopolistic entity has the resources and incentives to invest in research and development. On the other hand, it can result in higher prices, poor product quality, limited consumer choices, reduced innovation, and an overall detriment to market competition.
Due to the potential negative consequences, many governments enforce antitrust laws and regulations to prevent or mitigate monopolisation. These laws aim to promote fair competition, protect consumer interests, and maintain a level playing field for businesses operating within the market.
Common Misspellings for MONOPOLISATION
- nonopolisation
- konopolisation
- jonopolisation
- minopolisation
- mknopolisation
- mlnopolisation
- mpnopolisation
- m0nopolisation
- m9nopolisation
- mobopolisation
- momopolisation
- mojopolisation
- mohopolisation
- monipolisation
- monkpolisation
- monlpolisation
- monppolisation
- mon0polisation
- mon9polisation
Etymology of MONOPOLISATION
The word "monopolisation" is derived from the noun "monopoly". The term "monopoly" comes from the Latin words "monopolium" and "monopolion", which were adapted from the Greek words "monopolion" and "monopōlion". In these Greek terms, "mono" means "single" or "alone", and "polein" means "to sell". Ultimately, "monopoly" refers to the exclusive control or possession of a product or service by a single company or entity. The word "monopolisation" is the noun form of the verb "monopolize", which means to establish or maintain a monopoly.
Similar spelling words for MONOPOLISATION
