Allen and sir Edward Coke royal rights on providing licences have been strictly restraint.
Long disputation about the efficiency of royal grants of monopoly privileges have been led and finally with the contribution, among others, of Darcy v. The result was a significant increase of prices in particular industries accompanied by enforcing rest of suppliers not to produce, often affected by strict punishments for patent infringement. who were selling monopolistic licences as a benefit for their own enrichment. England įor the first time, monopolies have become socially significant in the early seventeenth century in England under the reign of Queen Elizabeth I. ” In the course of time has monopoly become interpreted as a private accumulation of economic power or an entity that has total or near-total control of a market. ” In the eighteenth century was developed another definition by Samuel Johnson as “exclusive privilege of selling anything. In the seventeenth century was monopoly defined by sir Edward Coke as “allowance by the King to any person or corporate for the sole buying, selling, making, working or using anything, whereby any person or corporate are sought to be restrained of any freedom or liberty that they had before. “ This word was perceived as an exclusive legal right of sale covered by Government usually ensured by patent or licence. Original meaning of the word Monopoly comes from Greek as a compound of two words “mono,” which means “single” or “one,” and “polein“, meaning “ to sell.
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