When a market's potential profit is so limited by its geographic location that only a single seller decides to enter the market. That type of market is a geographic monopoly. An example would be a general store in a remote community.
The Meralco Electric Company is a perfect example of monopoly in the Philippines
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
Mono refers to one. A monopoly means that one person or on family possesses or own everything or many businesses.
One business would control an entire industry
When a market's potential profit is so limited by its geographic location that only a single seller decides to enter the market. That type of market is a geographic monopoly. An example would be a general store in a remote community.
state
Tesco is a fine example of a monopoly in the UK
Petroleum Company
Meralco :)
The Meralco Electric Company is a perfect example of monopoly in the Philippines
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
Mono refers to one. A monopoly means that one person or on family possesses or own everything or many businesses.
One business would control an entire industry
A geographical globe.
USPS (united states postal service)
you can make a sentence using any word. for example: "I love monopoly." said Sammy, as they walked to the game hall.