monopolistic - Meaning in Hindi
monopolistic - Meaning in Hindi
noun
Definitions and Meaning of monopolistic in English
monopolistic adjective
- having exclusive control over a commercial activity by possession or legal grant
Description
A monopoly, as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterised by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb monopolise or monopolize refers to the process by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices, which is associated with unfair price raises. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry.
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What is monopolistic meaning in Hindi?
The word or phrase monopolistic refers to having exclusive control over a commercial activity by possession or legal grant. See monopolistic meaning in Hindi, monopolistic definition, translation and meaning of monopolistic in Hindi. Learn and practice the pronunciation of monopolistic. Find the answer of what is the meaning of monopolistic in Hindi. देखें monopolistic का हिन्दी मतलब, monopolistic का मीनिंग, monopolistic का हिन्दी अर्थ, monopolistic का हिन्दी अनुवाद।
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What is monopolistic meaning in Hindi, monopolistic translation in Hindi, monopolistic definition, pronunciations and examples of monopolistic in Hindi. monopolistic का हिन्दी मीनिंग, monopolistic का हिन्दी अर्थ, monopolistic का हिन्दी अनुवाद