Monopoly Capital

Monopoly Capital is an idea in economics that describes how large corporations dominate markets, reducing competition. These companies, having significant control over prices and supply, can influence the economy and workers' wages. The concept suggests that this concentration of power leads to slower economic growth, income inequality, and less innovation. Instead of many small firms competing, a few giant firms hold most of the market, shaping economic outcomes to their advantage and impacting broader societal well-being.