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andreyandreev [35.5K]
3 years ago
12

What is the term for huge corporate structures that control entire industries or areas of the economy?

History
1 answer:
Viefleur [7K]3 years ago
3 0
When a company controls an entire industry or a specific area of the economy it has a monopoly. Democratic governments tend to break up monopolies as they can be unhealthy for their economies. Monopolies can stifle innovation and competition.
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