Oligopoly Market and Monopolistic Competition in the Digital Era: Shariah Economic Perspective

• Published in: Calitatea Vol. 24; no. 193; pp. 61 - 67
• Main Authors: Aziz, Abdul, Hidayat, Abas, Herlina, Ellin, Ernawati, Wanti
• Format: Journal Article
• Language: English
• Published: Bucharest Romanian Society for Quality Assurance 01.03.2023
• Subjects: Antitrust; Banking; Business competition; Competition; Engineering; Financial institutions; Human resources; Income distribution; Industry 4.0; Internet; Islamic financing; Islamic law; Literature reviews; Markets; Monopolies; Monopolistic competition; Search engines; Social networks; Indonesia

Imperfect competition markets, such as oligopolies and monopolies, are claimed to be unhealthy business activities because they contain elements of injustice, inequality, and imbalance that become irrational. In the current digital era, unhealthy competition is very possible to become big and profit...