Evolutionary Stages of Development of Integration Forms of the Monopolization Process

The primary task of Economics, as the science of rational allocated of limited resources, is not always fulfilled in today's globalized world. Human irrationality and opportunism are forcing economic agents to invent new ways to maximize their profits, accompanied by a deterioration in the welfare of others. A regular consequence of this desire is the deepening and aggravation of monopolization processes that was occured during almost all periods of world economic development. Seizing power over limited resources to control the market was as common in Medieval Europe at natural fairs as it is today in the High-Tech Market. However, due to the growing opportunities for the scale of influence of entrepreneurs that have gone far beyond nation-states, market transaction processes require more complex market structures. Since technology and innovation have made possible the type of economic systems that we observe today in developed economies, its revolutionary changes should be linked to the evolutionary changes of market integration forms in monopolization processes. The classical interpretation of the monopoly as the sole trader in the market does not deny the possibility of its representation by the association of several or even many economic entities deprived of economic independence as a result of acquisitions or mergers, or operating in the market in a collude. Monopoly power in the market means that production resources will not be used rationally, and consumer needs will not be fully met. The importance of studying the conditions and factors of integration forms that can contribute to monopolization processes in industry markets led to the writing of this article. The paper highlights the stages of evolution of integration forms of the monopolization process through the prism of the Technological Revolutions, as a favorable environment for its development.