What is the meaning of the monopoly of the iron industry?

Meaning of monopoly

There may be many products in the market and a person needs them in an important way, or this product comes at a time when everyone needs it, or an important season for the product, so the demand for this product becomes in a large amount, so that there are merchants or a large company in the market responsible for producing or distributing a specific item that is authorized to control By controlling the product in the market, it is in this case considered a monopoly, in this case these companies can control the price and sale of the product in the market as they see fit because there is no company or merchants competing with them, they are the only ones in the market, and the strange thing is that all companies and merchants are trying to monopolize the commodities they trade in in order to They are entitled to profit as much as possible, as large companies compete with each other to monopolize the largest sale in the market.

monopoly of the iron industry

Iron is considered one of the most important, rather it is the industry in general in the world and the first element in the industrial operations such as cars, machinery, parts and construction. It greatly affects the extraction of iron and its manufacture, and these companies work to monopolize iron in an indescribable way so that it is unique in its automobile and machinery industries, and there may be other companies that extract iron, but not in the amount of Germany and the United States, as the international car companies present in Germany monopolize the automobile industry and control The global car market as well as machinery companies and the parts industry in turn monopolize the parts they produce to repair German cars, so we see that the prices of German cars and their parts are more expensive than other cars, and there may be competitors for German cars but not with the quality of German manufacture, as well as the United States with cars and mechanical equipment, and Japan has a monopoly In its manufacture of iron and the like in matters of technology, it is the number one Internationally, in the technology industry, you will find that the Japanese parts or devices are among the most expensive devices due to the quality that they manufacture from iron and other materials. The monopoly process does not only occur in the extraction of iron, but also in the manufacture of iron.

sources of monopoly

• Huge investments estimated at millions and billions of dollars and is considered the first number in the world.
• Acquisition of very rare wealth such as iron, which is the most important existing wealth.
• Government support for this monopoly of the amount of government revenue from huge projects whose goal is to fully capture the market.
• Illegal and illegal actions of the monopoly operation.

Iron monopoly in Islam

Islam has prohibited monopoly in general because of its harmful effects on the general public, and eating the poor and the needy citizen so that the old grows up and the small becomes small, and it causes great harm to people and their interests and ruins small projects, and in it spreads hatred and hatred among the people and increases theft and other and other possible problems. in which the system that relies on capitalism is located.