#35 Monopoly Cartels: Concentration of Capital

Monopoly or oligopoly exists when a very small number of huge enterprises dominate a marketplace. The chartered companies established in Europe in the late 16th century and continuing through to the end of the 19th were privatised monopoly companies, which allowed shareholding from outside wealthy individuals. The old feudal system had also created monopolies through land use, in feudal land tenure systems. Colonies created monopolies for the invading country. A colonial power had monopoly importing and exporting rights.