Who first coined the term Monopoly?

1 answer

Answer

1047025

2026-05-16 22:30

+ Follow

The term "monopoly" has its origins in the Greek Words "monos," meaning single, and "polein," meaning to sell. It was popularized in the 16th century by the philosopher and economist Giovanni Botero in his work "DELLa ragion di Stato." However, the modern usage of the term, particularly in economics and business contexts, developed over time through various scholars and economists, including Adam Smith and later figures in the 19th century.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.