Scarcity and Monoploy

Sawyer Rollins

Monoploy

The control of supply or trade in a raw material or service. If you have a monopoly than you have control of that market, and charge all that you want.

Scarcity

The shortage of a product, or a low number in a certain product. The things that are scarce right now are quality land, skilled workers, and natural resources. And the things that are scarce will cost more money because there is less.

Work cite

"6 Enormous Monopolies, Past And Present." TheRichest. N.p., n.d. Web. 29 May 2015.

Britishseafishing.co.uk." Britishseafishingcouk. N.p., n.d. Web. 29 May 2015.