Imperial Monopolies

Imperial monopolies refer to the exclusive control over trade and resources exerted by an empire or colonial power in its territories. These monopolies often allowed the empire to dominate industries, such as spices or textiles, by restricting competition and maintaining tight control over production and distribution. This led to significant profits for the empire while limiting local economies and innovation. Such practices were common during the age of colonial expansion, where European powers sought to maximize their wealth and influence through the exploitation of colonies and their resources.