monopolist - Meaning in Konkani
monopolist - Meaning in Konkani
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Definitions and Meaning of monopolist in English
monopolist noun
- someone who monopolizes the means of producing or selling something
Synonyms
monopoliser, monopolizer
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.
Also see "Monopoly" on WikipediaAlso See
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What is monopolist meaning in Konkani?
The word or phrase monopolist refers to someone who monopolizes the means of producing or selling something. See monopolist meaning in Konkani, monopolist definition, translation and meaning of monopolist in Konkani. Find monopolist similar words, monopolist synonyms. Learn and practice the pronunciation of monopolist. Find the answer of what is the meaning of monopolist in Konkani.
Other languages: monopolist meaning in Hindi
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What is monopolist meaning in Konkani, monopolist translation in Konkani, monopolist definition, pronunciations and examples of monopolist in Konkani.
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