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Current Event February 17, 2015

A Rare Earth Monopoly


As the game Monopoly taught us as children, having a monopoly on something can be very profitable. In the 1990’s one man found himself selling Scandium, a rare chemical element used in the Soviet Union during the Cold War, and realized he was the only person with that particular job. Listen to learn how he found this job and how different types of monopolies have different financial outcomes and economic impact.

Economics Earth and Space Science

Story Length: 3:22

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SOURCE:

National Public Radio © 2015 National Public Radio, Inc. Used with the permission of NPR. All rights reserved.

AIR DATE: 01/21/2015


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