What is the term for huge corporate structures that control entire industries or areas of the economy?

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asked Dec 25, 2015 74.0k views

1 Answer

Jonathan Hamel · Answer 1 · 2016-01-01T02:27:50+0000

When a company controls an entire industry or a specific area of the economy it has a monopoly. Democratic governments tend to break up monopolies as they can be unhealthy for their economies. Monopolies can stifle innovation and competition.

What is the term for huge corporate structures that control entire industries or areas of the economy?

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