define the term monopoly and liberation
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A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
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A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
Liberalization refers to laws or rules being liberalized, or relaxed, by a government. You might talk about the liberalization of marriage laws in states that allow same-sex marriage. Liberalization came to the English language in 1835, from the word liberal.
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