People will work productively if put in the right environment is a belief held through industrial monopoly.
A monopoly in business is a corporation that dominates its sector or industry, that means that it controls the majority of the market share of its items or services, has little to no competitors, and its shoppers have no real substitutes for the good or provider provided with the aid of the business.
<h3>What had been the first monopolies?</h3>
In the end, Rockefeller made a deal with the other company, which gave Standard Oil possession of nearly all the oil pipelines in the nation. By 1880, Standard Oil owned or controlled ninety percent of the U.S. oil refining business, making it the first fantastic industrial monopoly in the world.
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