#AtoZAprilChallenge: Monopoly

James Christensen 1) Monopoly is a popular board game invented by Parker Brothers and made by the Hasbro toy and game company, dating back from the 30’s, although its origin goes back to 1900’.

2) According to Wikipedia, “a monopoly exists when a single person or enterprise is the only supplier of a particular commodity.”

From Williams: “Monopoly can be difficult because it has a common literal meaning but also a rather wider meaning which has been historically important. It came into English in C16 from monopolium (Latin), monopolion (Greek) (from monos: alone, single, and polein: sell). Two senses appear in the early English examples: (i) the exclusive possession of trade in some article, (ii) the exclusive privilege granted by license of selling some commodity…

… The modern phrase monopoly capitalism (describes) a phase of Capitalism in which the market (is) either (a) organised by cartels and the like or (b) dominated by increasingly large corporations. Either use can be criticised form the literal sense of monopoly, which would suggest that large corporations with or without formal cartels do not compete in selling: i.e., that there is only one seller.”

See also:

State Monopoly Capitalism

The Age of Monopoly-Finance Capital

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