• Today, different from the era of laissez-faire, a monopolyalso exists. 
• Monopoly is a practice where a single business firmcontrols a certain market from pricing, quality, to availability. 
• In many industries, a few companies dominate the field and keep new enterprises from entering the market place. 
• Under the era of globalization today, multinational corporations have spread the capitalistic pursuit of profits around the world. 
• Developing countries are often not ready for sudden inflow of foreign capital, and it can get damage.