well. this post is done with no knowledge of what an econs blog should or should not have. it is also done without knowing what the econs blog is for and what it should contain.


you probably know that the above was a disclaimer to anything i have to say. after all, all smart people have disclaimers to cover their... yeah you get the picture.


Economics Word of the Day (as taken from esteemed online dictionary: Merriam-Webster)

Main Entry:

mo·nop·o·ly

Pronunciation:

\mə-ˈnä-p(ə-)lē\

Function:

noun

Inflected Form(s):

plural mo·nop·o·lies

Etymology:

Latin monopolium, from Greek monopōlion, from mon- + pōlein to sell

Date:

1534

1 : exclusive ownership through legal privilege, command of supply, or concerted action
2 : exclusive possession or control
3 : a commodity controlled by one party
4 : one that has a monopoly

and speaking of Monopoly, personally i think it's very wrong that only one company produces the board game