Definition of Technological monopoly:
A monopoly that occurs when a single firm controls manufacturing methods necessary to produce a certain product, or has exclusive rights over the technology used to manufacture it. Technological monopolies differ from those based on vertical or horizontal consolidation in that the exclusivity derives from the production process itself.
How to use Technological monopoly in a sentence?
- Two large computer manufacturers are looking at a merger. The first thing the must consider are the technological monopoly law designed to ensure one company doesnt get to big.
- It was a technological monopoly and I thought I had to interfere because it was not going to end well if I didnt.
- We dont have the knowledge or resources to break the technological monopoly they have acquired their exclusive friendship with the suppliers.
Meaning of Technological monopoly & Technological monopoly Definition