Monopoly - What Is Monopoly?

The idea of monoplony comes from lots of different things, but it primarily comes from labor market monoplony. If you open up an aeronautics plant, that'll cost you maybe a a billion pounds. If you wanto open up a garment factory in the outskirts of a town, three thousand employees, that's export oriented, it may cost you a million pounds. What that means is that you have capitalists everywhere who are opening up garment factories everywhere. Or so again, this in terms of the relationship between these suppliers and buyers. It means that you have potentially thousands and thousands of suppliers and very few buyers who are monopolistic.