Business GCSE
Monopoly
What Monopoly means in Business GCSE, as defined for AQA.
Definition of Monopoly
Check what you remember
Read the wording for your board, then hide it and explain Monopoly in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A market dominated by a single business, resulting in little to no competition.
Topics that use Monopoly
- Competitive environment (AQA GCSE)
Related terms
- Business response
- Competition
- Competitive pressure
- Entrepreneurial motives and rewards
- Impact of competition on pricing and profitability
- Market
- Price and non-price competition
- Reward
Using Monopoly in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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