Monopoly Money
Feb. 4th, 2009 06:57 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
sobriqueOK, so the definition of Monopoly: http://en.wikipedia.org/wiki/Monopoly
"In economics, a monopoly (from Greek monos , alone or single + polein , to sell) exists when a specific individual or enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it"
Does that mean, that these companies that are 'too big to be allowed to fail' and thus have received government handouts are de-facto monopolies?
"In economics, a monopoly (from Greek monos , alone or single + polein , to sell) exists when a specific individual or enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it"
Does that mean, that these companies that are 'too big to be allowed to fail' and thus have received government handouts are de-facto monopolies?
