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What is monopoly in social studies?

The definition for the word monopoly in social studies is "exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. "


How can you start commodity online trading?

There are a number of possible ways to start commodity trading online. One can sign up to the website 'Easy Forex' and follow their beginner programs before getting started. One can also get started at 'Commodity Online'.


What are the limitations of cardinal utility analysis?

Firstly, theory assumes that it is possible to assign numerical values to utility. the theory happens to a single commodity model, in which the utility of one commodity is treated as being totally independent of the utility of the other commodities.


What s the difference between monopoly and oligony?

The definition of monopoly is one firm in the marketplace selling a particular good. An oligopoly is when a small group of firms comprise the market for a particular good. In the real world, there may be several, or even many, smaller competitors to a monopoly or an oligopoly, but the monopolist or the oligopoly still controls the vast share of the market. For example, Standard Oil repeatedly drove new entrants out of the market before its breakup.


How does the price affect the supply of commodity?

Normally it's the other way 'round, the supply of a commodity determines the price. I assume if the price were out of line with the supply a lower price would decrease supply and a higher price would increase supply if increasing the supply were possible.

Related Questions

What is monopoly in social studies?

The definition for the word monopoly in social studies is "exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. "


What is the difference between monopolies and cartels?

A cartel is an international syndicate or grouping of different organizations formed especially to regulate prices and output in some area, while a monopoly is usually one organization with exclusive control of a commodity or service in a particular market, or a type of control which makes possible the manipulation of prices.


Is the physical delivery in commodity exchanges possible?

the investor takes physical delivery


Why does an exclusive club admit as many people as possible?

an exclusive club only admits a certain number of people


If you have an R4 is it possible for you to make your own Pokemon?

no but you can get exclusive Pokemon


Does an exclusive club admit as many people as possible?

yes


How can you start commodity online trading?

There are a number of possible ways to start commodity trading online. One can sign up to the website 'Easy Forex' and follow their beginner programs before getting started. One can also get started at 'Commodity Online'.


Where is it possible to learn about the commodity market?

Commodity markets are markets where raw or primary products are exchanged. These raw commodities are traded on regulated commodities exchanges, in which they are bought and sold in standardized contracts.


Why is digital money classified as fiat money?

Because usually it is not backed up by any commodity such as gold or silver. While it is possible to have digital currency that is fully backed up by a commodity, most aren't.


Is it possible to play Minecraft on PS3 with 2 people on a single world?

No, Minecraft is a Microsoft exclusive.


How do you get a pink puffel even if you are not a member at clu penguin?

it is not possible unless you have a exclusive book code


What are the limitations of cardinal utility analysis?

Firstly, theory assumes that it is possible to assign numerical values to utility. the theory happens to a single commodity model, in which the utility of one commodity is treated as being totally independent of the utility of the other commodities.