The term “monopoly” describes a group of businesses that dominate their respective markets as a result of a significant competitive advantage.
These businesses have the biggest market shares for their goods and services and are highly challenging to compete with.
1. The government-owned Indian Railway Catering and Tourism Corporation (IRCTC) is the exclusive provider of online ticketing and catering for the Indian Railways.
2. The aerospace and defence firm HAL (Hindustan Aeronautics Limited) holds a commanding presence in the Indian market.
3. In India, a monopoly depository called CDSL (Central Depository Services Limited) is in charge of keeping securities in electronic form and allowing their exchange on the stock market.
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Posted On: 22 May 2023 5:33 PM