Quote:
Originally Posted by iTaliAN_ICe
A monopoly is a business. The military is not. You can compare the two and equate the military to a business, but the military is not and should never be a business.
Quote:
Originally Posted by liberty1776
The army is a monopoly. No one else can compete with it; it has no competitors. Therefor, it is a monopoly.
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Monopolies are not restricted to businesses. A monopoly is nothing more than a market form in which there are many buyers but only one seller. But that's not the case with the military, as there are many sellers but only one buyer. As such the military is better described as a
monopsony, not a monopoly.