MONOPOLY
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WHAT IS A MONOPOLY?
No its not the board game. The boardgame only describes the process a company has to go through to reach the point of being a monopoly. A monopoly is when a person, or company is the only supplier of a good or type of business. In the board game monopoly, you try to take over every hotel chain on the board. To get a monopoly there are many different ways you can do it. You can either buy the company that's competing with you, trading to get different assets and eventually bankrupt the other companies, which is the last way you can get or become a monopoly.
Oligopolies and Monopolies and be confused. When we're talking about a monopoly, we'e talking about one company,
firm, or person that is producing the good in
the market.