- published: 29 Dec 2014
- views: 1453709
A monopoly (from Greek μόνος mónos ("alone" or "single") and πωλεῖν pōleîn ("to sell")) exists when a specific person or enterprise is the only supplier of a particular commodity (this contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly which consists of a few entities dominating an industry). Monopolies are thus characterized by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the firm's marginal cost that leads to a high monopoly profit. The verb monopolise or monopolize refers to the process by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market).
See I'm the law
See I'm the blow
I fill the pipe smoked by a hog
Why all the new things mean nothing...
Why you use me to wipe your nose...?
[Chorus]
Digga' digga' monopoly
I can eat the mould
I can crawl like slow-worm
I can wear rags - foul -
If it helps to bring it down
Why you eat me to vomit
Why you drink me to piss to a crown
[Chorus]
I can eat the mould
I can crawl like slow-worm
I can wear rags - foul -
If it helps to bring it down
They don't know if I bite
(So) muzzle me, keep on leash
Just don't know if I'm bad
Shut my mouth "it's not allowed !!!"
Then want more- damp me down