Monopolies
Definition: Imperfectly competitive firms. A monopoly is a firm that dominates the market and in the case of a pure monopoly has a 100% market share.
Related glossary term: ...
Monopolies were made illegal in 1890 by the Sherman Anti-Trust Act. It was called Anti-Trust because that was the form that monopolies held in those days.
Monopolies can arise in a number of ways including:
Legally enforced monopolies on an entire market.
Patents and copyrights: these create (usually very narrow) legally enforced monopolies on particular products or services.
Monopolies have various disadvantages for society and consumers. In particular:
Higher prices
Less Choice
Less incentives to cut costs and develop new products ...
Are monopolies legal in the US?
How can a company have a legal monopoly?
First US legal monopoly?
Early Monopolies: Conquest And Corruption
Oligopolies
Price Basing
A method of pricing commercial commodity transactions that bases these prices on related futures contract prices.
Modern monopolies are a bit less transparent, for two reasons. First, even though governments still grant monopolies, they usually grant them to the producers.
Former state monopolies have the opportunity to re-earn their market leadership, wane or collapse. Over a long period, key staff leaves enterprises to start new enterprises. Competition grows among customers and suppliers.
[Ã-] Alcohol monopolies‎ (28 P)
[+] Auctions and trading‎ (1 C, 19 P)
C ...
In practice, few monopolies are absolute, and their power to set prices or limit SUPPLY is constrained by some actual or potential near-competitors (see MONOPOLISTIC COMPETITION).
US laws preventing monopolies in the United States, laws that prevent the formation of monopolies. Antitrust laws also attempt to curb trusts and cartels and to keep them from employing monopolistic practices to make unfair profits.
Even where natural monopolies exist for prolonged periods and potentially would cause sizeable divergences from socially optimum levels of price and output, ...
Federal agency whose purpose is to encourage free enterprise and prevent restraint of trade and monopolies. Federation Internationale des Bourses de Valeurs FIBV. The organization of the world's stock markets, headquartered in Paris....
Business:type of corporate combination that engaged in monopolies and restraint of trade and that operated freely until the antitrust laws of the late 19th century and early 20th century.
US legislation to prevent monopolies and restraint of trade. Trusts and monopolies are concentrations of wealth in the hands of a few and su...(Read more)
Appropriate Personal Pension Plan ...
It was granted certain monopolies over English trade with South America. Since Spain was in control of those regions, those monopolies were probably worthless.
Many governments, however, have created public-service monopolies by laws excluding competition from an industry.
In the case of the learned professions the principles and theories which gave birth to corporations with monopolies, and required apprenticeship or its equivalents, ...
on international trade of restrictive business practices including intra-firm agreements of multinational corporations (e.g., transfer pricing); strategic partnerships, cartels and private restraints on bilateral trade; distribution monopolies and ...
A system where those holding concentrated economic power employ the powers of government to perpetuate monopolies, special privileges, subsidies and trade protections for their advantage at the expense of their competitors and most citizens.
This was the start of a long tradition by the English Crown of the granting of "letters patent" (meaning 'open letter', as opposed to a letter under seal) which granted "monopolies" to favoured persons (or people who were prepared to pay for them).
ANTITRUST: The generally process of preventing monopoly practices or breaking up monopolies that restrict competition.
PATENTS AND OTHER GOVERNMENT-GRANTED MONOPOLIES
A drug company with a patent on a popular consumer drug can certainly make huge profits. Governments have given monopolies to doctors and dentists.
Gas and water utilities are two classic examples of natural monopolies. These monopolies must not be left to operate freely; if they are, they can increase prices and profits by restricting their output.
Government monopolies
Government monopoly
Government Motor Vehicle
Government Mule
Government Mule (band)
Government Museum
Government National Mortgage Association
Government National Mortgage Association
Government National Mortgage Association ...
American antitrust laws are state and federal laws created to prevent monopolies. Antitrust laws apply to both businesses and individuals.
Anti-combines legislation Laws that restrict the formation of monopolies and regulate certain anti-competitive business practices.
Appreciation An increase in the value of a currency in terms of other currencies.
Katrak, Homi. 1977. "Multinational Monopolies and Commercial Policy," Oxford Economic Papers 29, (July), pp. 283-291. See strategic trade policy argument for a tariff.
Antitrust law.
Any law that encourages competition by limiting unfair business practices and curbing monopolies' power.
Apparent Consumption
An estimate of domestic consumption calculated as product shipments plus imports minus exports.
Government agencies especially established for the conduct of international trading activities, such as government-operated import/export monopolies and marketing boards with special or exclusive privileges to import and export.
Antitrust Laws definition :
Legislation established by the federal government to prevent the formation of monopolies and to regulate trade.
Have YOU got what it takes?
FREE 10-step guide to successful penny share investing..
Legislation established by the federal government to prevent the formation of monopolies and to regulate trade.
Appraisal ...
Clayton Antitrust Act a law passed in 1914 in the United States aimed at preventing monopolies from forming through mergers. (16) ...
The Competition Commission is an independent public body established by the Competition Act 1998. The Commission replaced the Monopolies and Mergers Commission on 1 April 1999.
Department of Trade and Industry (DTI)
UK Government department responsible for some commercial matters, including monopolies and prosecution of insider dealing.
Retail price index - X (RPIX - X) - The method used in the UK for regulatory bodies to calculate what price increases will be allowed for privatised monopolies.
(This included both a government directive aimed at preventing the creation of monopolies as well as increased Government involvement in determining consumer prices). The stock, however, outperformed that of its major industry rival- KenolKobil Ltd.
 See also: Saving, Banks, Expense, Acquisitions, Administration
  
|
RSS
