monopoly

(noun)

a situation in which one party or company exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it

Related Terms

  • Max Weber
  • the state
  • right of self-defense

Examples of monopoly in the following topics:

  • Authority and Legitimate Violence

    • Max Weber conceived of the state as a monopoly of the legitimate use of physical force.
    • In order to maintain a monopoly on legitimate violence, states must limit the means by which others may carry out violent acts.
    • Max Weber, in Politics as a Vocation, conceived of the state as a monopoly of the legitimate use of physical force.
    • Such a monopoly, according to Weber, must occur via a process of legitimation.
    • States may maintain a monopoly on legitimate violence but outsource its execution by contracting with private parties such as Blackwater.
  • Formal Means of Control

    • By the "monopoly on violence," Weber means the state is the only institution within a society who can legitimately exercise violence on society's members.
    • The formal means of social control and the monopoly on violence serve a similar role in defining the state—they both illustrate the unique relationship between the state and its subjects.
  • Rational-Legal Authority

    • The prerequisites for the modern Western state are the monopoly by a central authority of the means of administration and control; the monopoly of legislative authority; and the organization of officialdom, dependent upon the central authority.
  • State-Centered Theories

    • Laissez-faire policy led to corporate monopolies and a vast gap between the wealth of capitalist business owners and wage laborers.
    • This era of loose regulation gave way to an era of tight regulation of the economy, including the introduction of "trust-busting" or anti-monopoly laws.
  • Intergenerational Conflict

    • Power is therefore maintained by the middle-class, perpetuating their monopoly on resources.
  • Oligarchy

    • Monopolies are sometimes granted to state-controlled entities, such as the Royal Charter granted to the East India Company, or privileged bargaining rights to unions (labor monopolies) with very partisan political interests.
  • The Origins of Patriarchy

    • Patriarchy is a social structure in which men are considered to have a monopoly on power and women are expected to submit.
  • Capitalism

    • Furthermore, without competition, a monopoly or cartel may develop.
    • A monopoly occurs when a firm supplies the total output in the market.
    • Many countries have competition laws and anti-trust laws that prohibit monopolies and cartels from forming.
    • In many capitalist nations, public utilities (communications, gas, electricity, etc), are able to operate as a monopoly under government regulation due to high economies of scale.
    • In the early 20th century, Vladimir Lenin argued that state use of military power to defend capitalist interests abroad was an inevitable corollary of monopoly capitalism.
  • Culture Wars

    • He stated that a culturally diverse society can be dominated by one class who has a monopoly over the mass media and popular culture, and Gramsci argued for a culture war in which anti-capitalist elements seek to gain a dominant voice in the mass media, education, and other mass institutions.
  • The Church-Sect Typology

    • Denominations come into existence when churches lose their religious monopoly in a society.
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