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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. | 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 [[Imperialism|late stage capitalism]].<ref>{{ | Monopolies in a [[Capitalism|capitalist]] system form naturally because of competition, leading to the [[Imperialism|late stage capitalism]].<ref>{{Citation|author=[[Vladimir Lenin]]|year=1916|title=Imperialism, the highest stage of capitalism|title-url=https://en.prolewiki.org/wiki/Library:Vladimir_Lenin/Imperialism,_the_highest_stage_of_capitalism/Concentration_of_production_and_monopolies|chapter=Concentration of production and monopolies}}</ref> | ||
The concentration of capital is empirically proven across multiple industries.<ref>{{Web citation|author=OXFAM MEDIA BRIEFING|newspaper=Oxfam|title=Multilateralism in an era of global oligarchy|date=2024-09-23|url=https://oxfam.se/wp-content/uploads/2024/09/Multilateralism-in-an-Era-of-Global-Oligarchy-FINAL-EMBARGOED.pdf}}</ref> | The concentration of capital is empirically proven across multiple industries.<ref>{{Web citation|author=OXFAM MEDIA BRIEFING|newspaper=Oxfam|title=Multilateralism in an era of global oligarchy|date=2024-09-23|url=https://oxfam.se/wp-content/uploads/2024/09/Multilateralism-in-an-Era-of-Global-Oligarchy-FINAL-EMBARGOED.pdf}}</ref> | ||
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== References == | == References == | ||
<references /> | <references /> | ||
[[Category:Economic concepts]] | |||
Latest revision as of 12:42, 28 April 2026
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.