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# Corporation Privileges and Market Prices

## Definition

The exclusive privileges granted to corporations and similar regulations that restrain competition to a smaller number than might otherwise enter an employment, having the same tendency as monopolies to keep market prices above natural prices.

## Source Chapter

Book I, Chapter 7

## Context

Described as "a sort of enlarged monopolies" that can "keep up the market price of particular commodities above the natural price, and maintain both the wages of the labour and the profits of the stock employed about them somewhat above their natural rate."

## Economic Domain

Regulation

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