Question

The term “monopoly"
associated with
(A) Capitalism
(B) Socialism
(C) Communism
(D) Mixed Economy​

Answer 1

Answer:

d).

Explanation:

It is associated with mixed economy

Answer 2

Answer:  "Monopoly" is associated with mixed economy

Explanation:

Here we will understand first what is monopoly.
A monopoly is a market arrangement where one producer or seller holds a disproportionate amount of power within a certain market.

• Monopolies are forbidden in free-market economies as they limit customer alternatives and impede competition.
• A market arrangement known as a monopoly has just one seller or producer.
• A monopoly restricts the number of product alternatives accessible and makes it difficult for rivals to enter the market.
• Monopolies may result in dishonest business practises.
• Government regulations apply to certain monopolies, such as those in the utility industry.

Mixed economy structure is the combination socialism and capitalism. Here government and private entities own the company.

An example of mixed economy is India where monopoly market is IRCTC.



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