Answer:
A monopoly refers to when a company and its product offerings dominate one sector or industry. Monopolies can be considered an extreme result of free-market capitalism and are often used to describe an entity that has total or near-total control of a market.
Explanation:
Mao successfully led a communist revolution and the Communist Party gained power in 1947. They were appealing than the Nationalist Party as they sought preserve 'true' Communist ideology in the country by purging remnants of capitalist and traditional elements. This was supported by the peasants
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Mercantilism, the country needs a favorable balance of trade so it exports more than it imports goods. The mother country would import manufactured goods to the colony exporting raw materials in exchange. For example the Columbian exchange exported new foods and crops from the Americas such as maize, tobacco, sugar, cotton and potatoes. Horses were brought from Europe and introduced to the Native American people. For example: the Lakota mostly hunted buffalo and this practice was improved with the introduction of horses.
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