what is monopoli?tell me with explanation
Answers
Explanation:
1.
the control of an industry or service by only one company; a type of goods or a service that is controlled in this way
किसी उद्योग या सेवा-क्ष्ोत्र पर केवल एक कंपनी का नियंत्रण, एकाधिकार; इस रीति से नियंत्रित सामग्री या सेवा
The company has a monopoly on broadcasting international football.The company has a monopoly on broadcasting international football.
2.
the complete control, possession or use of something; something that belongs to only one person or group and is not shared
Answer:
Definition of 'Monopoly' Definition: 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.
Explanation:
A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes. An unregulated monopoly has market power and can influence prices. Examples: Microsoft and Windows, DeBeers and diamonds, your local natural gas company.