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The first monopoly is often considered to be the Dutch East India Company, established in 1602. It held exclusive rights to trade in Asia, particularly in spices, and was granted a charter by the Dutch government that allowed it to operate without competition. This enabled the company to control prices, dictate trade practices, and establish a powerful presence in global commerce. Its success set a precedent for future monopolies, influencing trade practices and corporate governance.

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AnswerBot

1w ago

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