What is the meaning of white monopoly capital?

The term is thought to mean everything from an oligopoly owned by a super wealthy white elite that dominates of large sectors of the economy consisting of colluding monopolies to business groups that are critical of corruption and alleged state capture within the administration of former South African president Jacob …

What are the types of monopoly?

The different types of monopoly are as follows:

  • Private monopoly: The monopoly firm owned and operate by private individuals is called the private monopoly.
  • Public monopoly:
  • Absolute monopoly:
  • Imperfect monopoly:
  • Simple or single monopoly:
  • Discriminative monopoly:
  • Legal monopoly:
  • Natural monopoly:

What is a monopoly?

In its essence a monopoly is a situation in which only a single company or a group has the ownership of nearly all or all of the market for the given product or service. Therefore, a monopoly is a situation where competition is absent.

What was the white monopoly of the Industrial Revolution?

There was a white monopoly of capitalist means of mining, industrial and agricultural production and of distribution. There was also a virtual white monopoly of skilled and supervisory jobs in the division of labour”- Path to Power, 1989.

What exactly is ‘white monopoly capital?

What exactly is ‘white monopoly capital’? PPF’s Mzwanele Manyi has the answer White monopoly capital is not the white corner café owner‚ but rather the massive firms that “control” the bulk of the country’s economy.

Is Google a monopoly in providing instant information?

Is Google a monopoly in providing instant information? Somewhat, as long as Google’s algorithm can pull an answer, it doesn’t matter where it comes from. This creates a massive issue as a lot of people and websites don’t receive credit for the information.