62.1k views
5 votes
What is it called when one person owns an entire industry?

2 Answers

5 votes

Answer:

It is called an monopoly

Step-by-step explanation:

monopoly- when one company controls an entire industry.

User Sushant Bhatnagar
by
4.1k points
11 votes

Answer:

it is called a monopoly when someone controls a product such as gas if someone controlled the whole industry that is a monopoly

User Craftein
by
4.0k points