Definition
Monopoly Definition
A monopoly refers to a market situation in which a single entity or company holds exclusive control or dominance over the production, distribution, or sale of a particular product or service. This means there are no or very few viable competitors in the market, giving the monopolistic entity significant market power and the ability to set prices and dictate terms without facing substantial competition. Monopolies can arise due to various factors, such as barriers to entry, legal protections, or acquisition of competitors.
The Most Thorough Online Workplace Training On The Market
EasyLlama's comprehensive suite of training solutions designed to help employees and organizations reach their full potential. It includes a wide range of resources such as online training modules, interactive tutorials, simulations, and assessments. The platform is easy to use and provides users with a wide range of tools to help them develop their skills. It also offers personalized learning plans and progress tracking to ensure that users are making progress towards their goals.
Helping over 8,000+ organizations create a safer, more inclusive company culture.
Get more from EasyLlama
