Entrepreneurship Is The Natural Cure For Any And All Monopoly.

If a monopoly exists in any degree, independent of the artificial forms caused by intervention, it is because of resource ownership control. A monopoly simply cannot exist – because of the powerful dissecting force of competitive entrepreneurship – unless there is restricted access to needed resources which blocks potential entrepreneurs from discovering any of those unexploited opportunities for profit. Nevertheless even the monopoly position of a resource owner is always under intense competition and there is pressure to use the resource in the most efficient manner. A monopoly can only exist in the long run by protective intervention. If a monopoly is said to have a ‘structure’ then competitive entrepreneurship is the antithesis of that type of structure.

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