-1

What is it called, when a Large Business or Corporation sees that some product, invention, or medicine will destroy or reduce the size of their market or consumer base; and they either purchase the rights to it, or pay them not to make it; so that they can continue business or enlarge their profit.

I remember hearing about stuff like this happening multiple times, I can't remember the citations, nor can I remember if anyone actually gave a name to this phenomena.

If you can't find a name for it, I will accept a list of 2 or more occurrences as an answer.

Improve this question
3
  • 2
    Not a history question at all. Go ask English.SE.
    – Semaphore
    Oct 25, 2014 at 3:26
  • 3
    Suggested migration to politics.se, as they're willing to cover non-historical macro economics.
    – Samuel Russell
    Oct 25, 2014 at 6:34
  • I personally would like that migration, I was looking for stack economics can't believe I didn't find it. ty ;)
    – GlassGhost
    Oct 26, 2014 at 5:48

2 Answers 2

Reset to default
2

There's no specific word for it, but you can call it "buying out the competition" or "keeping a stranglehold on the market".

Improve this answer
0

We call it "unfriendly acquisition".

Improve this answer

Not the answer you're looking for? Browse other questions tagged or ask your own question.