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monopoly

Market situation where one producer (or a group of producers acting in concert) controls supply of a good or service, and where the entry of new producers is prevented or highly restricted. Monopolist firms (in their attempt to maximize profits) keep the price high and restrict the output, and show little or no ... more

Ethnicity vs. Race

The concepts of ethnicity and race are two that are very often confused by individuals and even in public media. Race refers to physical attributes and appearances, so things like skin color, hair color, and bone structure. So this is what is being described when you listen to concepts like Caucasian, Asian, African American. Even these descriptions are somewhat confusing...
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One Perspective on Who Pays Taxes

by Leona Helmsley

Only little people pay taxes. ...Read more

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