Corporate dominance

Corporate dominance occurs when large companies gain significant influence over a market or industry, shaping competition, prices, and consumer choices. This can happen through extensive resources, brand recognition, or acquiring competitors. While it can bring efficiency and innovation, excessive dominance may reduce competition, limit options for consumers, and give these corporations disproportionate power over regulations and policy decisions. In essence, it means a few corporations may hold considerable sway in their industry, shaping economic and social dynamics broadly.