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it is a monopoly, and it's bad

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16y ago

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Give you give me an example of a monopoly?

Mono refers to one. A monopoly means that one person or on family possesses or own everything or many businesses.


What is the example of oligopoly in China?

indian railways


Which industry employees most people worldwide?

Indian Railways is the largest employer in the world, employing over a million people. Employees 1,600,000 (year 2009)


Is monopoly better than monopoly express or monopoly express better than monopoly?

If you want something entertaing for a short period of time Monopoly Express is better.If you want somethig that is longer , Monoploy. But you could play the original Monopoly on the Monopoly Express gameboard.


Any present or past examples for Monopoly and perfect competition?

Petrol Bunks are best example for perfect competition.The reason is all sellers sell same product with same price .The product differences if any is also same (like ordinary petrol /diesel & extra premium petrol /Diesel) Stock market also exhibits perfect competition. In oligopoly market there are different sellers with product differential being wide in terms of technology & price. E.G, Mosquito repellents ,where cotton nets with repellent coating, coils, electronic repellents, repellent frequency sound wave repellents are seen in markets .Buyers who are rich will buy costly repellents & others will buy low priced items. Monopoly market represent single seller & many buyers. LIC India enjoyed for many years monopoly in Life Insurance market. Railways in India is monopoly controlled by Central Government Railway Ministry . similarly petroleum product distribution is dealt by Petroleum ministry. Oil & Natural Gas Commission is having monopoly. Any producer with break through technology offers a product or service having no competitors enjoys monopoly. For sometime Maruti Udyog Ltd enjoyed monopoly over their spare parts.