...scientific concept which is workable; and on its basis we may then formulate this definition of monopoly: Monopoly means that substantial unity of action on...persons engaged in some kind of business which gives exch1sive control, more particularly, although not solely, with respect to price. This definition of...

...clearness, and it will enable one the more readily to understand the following definition given by Dr. Ely: "Monopoly means that substantial unity of action on...particularly, although not solely •with respect to price." Our author then sketches briefly the various legal restrictions placed upon monopolies in England and...

...SR. THE NATURE OF MONOPOLY. IV. What is a popular synonym for "trust"? Monopoly. What is mono ply? "Monopoly means that substantial unity of action on...particularly, although not solely, with respect to price." — PROF. R1CHARD T. ELY. What then is the key to monopoly? Unity of action — the acting together...

...clearness, and it will enable one the more readily to understand the following definition given by Dr. Ely: "Monopoly means that substantial unity of action on...particularly, although not solely with respect to price" Our author then sketches briefly the various legal restrictions placed upon monopolies in England and...

...used here in the widest sense, embracing not only material production, but services of every sort. Monopoly means that substantial unity of action on...particularly, although not solely, with respect to price. A few points in our definition require comment. Price is essential, and must be regarded as the fundamental...

...Monopolies and Trusts " (Macmillan). His definition of monopoly clears away much current confusion : " Monopoly means that substantial unity of action on...particularly, although not solely, with respect to price." He contends that monopoly must be distinguished from concentration of wealth so far as accumulation...

...definitions of the term given by economists, lawyers and lexicographers, he defines a monopoly as " that substantial unity of action on the part of one...particularly, although not solely, with respect to price." The unity of control need not be absolute. If it be sufficient to affect price, there is to that extent...

...many definitions of the term given by economists, lawyers and lexicographers, he defines a monopoly as "that substantial unity of action on the part of one...particularly, although not solely, with respect to price." The unity of control need not be absolute. If it be sufficient to affect price, there is to that extent...

...monopolies, and (G) international monopolies. Accepting Professor Ely's definition of a monopoly as meaning " that. substantial unity of action on the part of one...control, more particularly, although not solely, with regard to price," there are now many such in England. The rapid extension of "combines" recently is...

...used here in the widest sense, embracing not only material production, but services of every sort. Monopoly means that substantial unity of action on...kind of business which gives exclusive control, more par~ ticularly, although not solely, with respect to price. A few points in our definition require...