1.
A single company that controls all or nearly all of the market for a given type of product or service. Competition suffers, so the results is often high prices and inferior products.
2.
A kind of law that protects competition by preventing firms from competing unfairly or getting monopoly power.
3.
A tax that is a fixed percentage consumers pay when they buy a good or service.
4.
A time of economic decline. Overall production of goods and services drops; jobs are lost.
5.
A written or spoken agreement, usually concerning employment, sales, or the occupancy of a home. A signed contract is enforceable by law.
6.
A time when prices quickly keep going up and up.
7.
An individual or organization that commits funds in search of a long-term profit with a minimum of risk.
8.
Any place where products are sold or traded.
