Monopoly Monopoly-market in which there is only one seller

The powerful capitalist associations that arise in a concentration of production and capital and concentrate in their hands the manufacture or sale of certain goods to maximize profits.

• The powerful capitalist associations that arise in a concentration of production and capital and concentrate in their hands the manufacture or sale of certain goods to maximize profits.

The essence of monopoly

• One of the negative features are that the market creates monopolies and monopolistic tendencies in the economic system.
• History monopolies reaches antiquity. Find mention of it already in the ancient Greek philosopher Aristotle. He attributes it to the "art amass property," noting that "in the sense nazhyvannya advantageous property if someone manages to capture any monopoly."

• English philosopher Thomas Hobbes describes monopolies built by feudal state for foreign trade. He calls them corporations, "whose purpose is to increase the profits of monopoly by buying and selling at home and abroad."
• Monopolistic tendencies manifested at all stages of market processes, but become apparent only in the XIX century.