Question

this concept describes when one company controls an entire industry, which was a problem during the industrial revolution and led to new laws. what is this concept called? union trust capitalism monopoly

Explanation:

A monopoly occurs when one company dominates an entire industry. During the Industrial Revolution, monopolies led to issues like unfair pricing and lack of competition, prompting new laws (e.g., antitrust laws) to regulate them. A union is a group of workers, a trust is a legal arrangement (but not the exact term here), and capitalism is an economic system.

Answer:

monopoly