Social Sciences, asked by chitrapendse6pea6vq, 1 year ago

what is the monopoly of trade

Answers

Answered by hayanidaiman
8

A government-granted monopoly (also called a "de jure monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or company to be the sole provider of a commodity; potential competitors are excluded from the market by law, regulation, or other mechanisms of ........


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Answered by SerenaBochenek
1

Monopoly of Trade.

Explanation:

  • The vendor poses no competitiveness in such a monopolistic sector since he is the primary vendor of products without a similar replacement. The monopoly of trade seems to be the state's control of all of a country's or nations' international exchange.
  • The public control of those same owners of capital as well as the industrial economy makes the dominance of international exchange an absolute reality under communism or socialism.

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