Monopoly
A situation in which a single company or group owns all or nearly all of the market for a given type of product or service. By definition, monopoly is characterized by an absence of competition, which often results in high prices and inferior products.
It is important to ensure that no one single media producer in the UK has a monopoly because it would end up with someone having to much power and be causing a lot of arguments.
Consumer choice relates preferences to consumption expenditures; ultimately, this relationship between preferences and consumption expenditures is used to relate preferences to consumer demand curves. The link between personal preferences, consumption, and the demand curve is one of the most closely studied relations in economics. Consumer choice theory is a way of analysing how consumers may achieve equilibrium between preferences and expenditures by maximizing utility as subject to consumer budget constraints.
Censorship is the suppression of speech or other public communication which may be considered objectionable, harmful, sensitive, politically incorrect or inconvenient as determined by a government, media outlet or other controlling body.
