Share Monopolies and investing vocab C1
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a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
commodities
bringing in money; profitable
lucrative
the ability of a company to change prices and output like a monopolist
market power
the amount of something produced by a person, machine, or industry
output
Limited quantities of resources to meet unlimited wants
scarcity
to weaken or ruin by degrees
undermine
a single payment made at a particular time
lump sum
to gradually become successful; to gain power, strength, energy, etc.
to build up momentum
salary or wages
paycheck
a positive or negative environmental stimulus that motivates behavior
incentive
