nouna situation where only one producer produces or only one supplier supplies something ExamplesThe company has an absolute monopoly of imports of French wine. • The supplier's absolute monopoly of the product meant that customers had to accept her terms.
Related information about absolute monopoly:
- What is absolute monopoly? definition and meaning
Definition of absolute monopoly: nouna situation where only one producer produces or only one supplier supplies something ExamplesThe company has an ...
- absolute monopoly noun - definition in Business English Dictionary ...
absolute monopoly noun - definition, audio pronunciation and more for absolute monopoly noun: a situation where only one company, country, etc. produces ...
- Definition of absolute monopoly | Collins English Dictionary
(economics) In a market with an absolute monopoly, there is only one supplier of a good or service for which there is no acceptable substitute.
- What is absolute monopoly
Why did Venice and Portugal have an absolute monopoly on the spice trade? Venice did because all the trade routes went right through it. I don't know about ...
- What is Intellectual Property | Intellectual Property Rights
A 20 year absolute monopoly in new and inventive technical innovations. ... Up to 5 years extension to the absolute monopoly given by a patent where the ...
- Online Library of Liberty - CHAPTER 8: COMPETITION AND ...
An absolute monopoly might be said to exist whenever the entire group of traders having control of some kind of goods, on one side of the market, is united to act ...
- China's electricity market-oriented reform: From an absolute to a ...
The absolute monopoly has been broken since 1985, when the Chinese ... In some sense, the former absolute monopoly has transformed the current relative ...
- Natural Monopoly
That is what economists call an "absolute" monopoly. ... For example, the delivery of first class mail in the United States is an absolute monopoly of the United ...