monopolism


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Related to monopolism: Monopoly

mo·nop·o·ly

 (mə-nŏp′ə-lē)
n. pl. mo·nop·o·lies
1. Exclusive control by one group of the means of producing or selling a commodity or service: "Monopoly frequently ... arises from government support or from collusive agreements among individuals" (Milton Friedman).
2.
a. A company, group, or individual having exclusive control over a commercial activity.
b. A commodity or service so controlled.
3.
a. Exclusive possession or control: arrogantly claims to have a monopoly on the truth.
b. Something that is exclusively possessed or controlled: showed that scientific achievement is not a male monopoly.

[Latin monopōlium, from Greek monopōlion : mono-, mono- + pōlein, to sell; see pel- in Indo-European roots.]

mo·nop′o·lism n.
mo·nop′o·list n.
mo·nop′o·lis′tic adj.
mo·nop′o·lis′ti·cal·ly adv.

monopolism

the practices and system of a monopoly. — monopolist, n.monopolistic, adj.
See also: Trade
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References in periodicals archive ?
The meeting participants agreed that monopolism in the field of information and communication technologies (ICT) carries high risks for the sovereignty and economies of developing countries, therefore countries need to consolidate efforts to develop independent software.
"mercantilist system" organised around monopolism, militant
It is worth mentioning that in the Russian conditions the systematic transformation of management institutions are not only doomed to overcoming the contradictions of monopolism, being fastened while decades, but also in the situation of longstanding permanent transformation for decades, are exposed to the strengthening influence of factors of <<social exhaustion>>, adapting capacity, living power, deformation of social and economic transformation, satellitism, parasitism, final loss of the initial guidelines and criteria of reformation, suppressed positive results of which may be privatized by a small mafia, leaving the difficulties of transition for the majority of the population.
As he wrote recently, the widening gap between incomes and living costs is a result of "state monopolism, corruption and inefficient administration, [itself] a consequence of the implacability of power...
Anti-trust and competition law is premised on the idea that the diffusion of commercial power is far better for a community than monopolism. (52) Parochial trade laws of the 1920's and 1930's intended to insulate national markets from global economic forces became accelerants to the Great Depression producing massive social and political dislocation.