> I think we need a better term than monopoly, that separates it from what people usually mean which is 'the best product'.
I think the problem is that people don't know what the word means. We don't need to redefine it, people will either respect the importance of definitions of we'll just lose the next term for a monopoly as well.
For anyone following along, Google is a monopoly because they are the market leader in multiple overlapping industries and product lines. They choose to leverage those products together to fain a competitive advantage that no one competing with a single product can reasonably compete with.
I think the problem is that people don't know what the word means. We don't need to redefine it, people will either respect the importance of definitions of we'll just lose the next term for a monopoly as well.
For anyone following along, Google is a monopoly because they are the market leader in multiple overlapping industries and product lines. They choose to leverage those products together to fain a competitive advantage that no one competing with a single product can reasonably compete with.