
Why Amazon is Begging For Regulations: The Twisted Economics of Amazon
Economics Explained
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Amazon Isn't Trying to Be a Monopsony
Amazon has a virtual monopoly on the online retail space, but when it comes to regular retail, they are still dwarfed by Walmart. A monopsony is not an Amazon generic brand rip off of the famous board game, but rather it is the mirror image of a monopoly. Monopsies are far less controversial in the public eye and most people probably have never even heard of the term. This doesn't mean that they are any less powerful though. If a country ever got to the point where a business had a noxinistic control over the workforce, it would likely be more devastating than a monopoly could be.
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