Skip to main content

Monopoly and Reasons for Its Emergence- Online Economics Classes for Class 12

Monopoly and Reasons for Its Emergence- Online Economics Classes for Class 12

Monopoly : It is very difficult for a firm to enter the monopoly market. Also, a monopolist is free to charge any price for its product. Thus, the seller under the monopoly is said to be the price maker and not the price taker.

The reasons for its emergence
  • Forming a cartel: Sometimes, individual firms while retaining their identities, unite into a group and coordinate their output and pricing policy in such a way as o reap the benefits of monopoly. Such a formation is called a CARTEL. A cartel is a business combination under which firms coordinate their output and price to reap the benefits of monopoly.
  • Grant of patent rights: When a company/ firm introduces new product or technology, its granted patent rights for its production by the government. This exclusive right is provided by the government in the form of a patent This patent right prevents others to produce the same product or uses the same technology without a license from the same company.
    • The period for which the patent right is valid is called patent life.
    We, Takshila Learning offer the best online classes for Economics Class 12. With the increase in the use of technology in our day to day lives, we have also designed an online course along with notes which cater to all your needs in preparing board exams. You can watch our videos anywhere at any time taught by our best-experienced faculty. You can attempt our CBSE Class 12 Economics classes with a detailed explanation, analysis of the exam and much more. We also provide notes, sample papers, different blogs, and articles on important topics, and information related to board examination. Today from our Microeconomics Class 12 section, I have chosen the following topic ‘Exceptions to the law of demand’ from NCERT Economics Class 12.
Labels:

Comments

Post a Comment

Thank you we will contact ASAP.

Popular posts from this blog

Magnetic and non-magnetic material Class 6 Science

Magnetic and non-magnetic material  Class 6 Science A magnet is a substance that is drawn to certain magnetic materials like iron, cobalt, and nickel. Magnets have the ability to draw iron to them. Natural magnets are rocks that naturally draw iron. Non-magnetic materials include things like wood, rubber, coins, feathers, leather, etc. that are not drawn to iron. Magnet characteristics It pulls magnetic materials, such as iron. The magnet's two ends are referred to as its poles. The magnet's diametrically opposed poles are drawn together. Heating, hammering, or dropping causes it to lose its characteristics. On the basis of properties types of Magnets Temporary magnets are those magnets that are magnetic for only a little duration. Typically, iron, cobalt, or nickel are used to make them. When they are close to the powerful magnet, they act like a magnet. When they are yanked away from the powerful magnet, they stop being magnetic. Permanent magnets are magnets that have magne...
Post a Comment
Read more

Best Sample papers for Bank PO Exam Download

Sample papers for Bank PO Exam | Question Paper for Bank PO : Institute of banking Personnel Selection (IBPS) Department issued a Notification of IBPS PO 2017  exam announced in October month. IBPS Probationary Officer (PO) Online Application Form process will be begin from July 2017. This is a hard exam for all students so aware of its value. Large number of  candidates will participate in this exam. So all candidates should prepare well for it. Check out IBPS, Bank PO Sample papers, Question Paper Pattern, SBI  PO Syllabus ,   IBPS Syllabus  and other IBPS PO Preparation 2017 This paper is identical to any Bank PO Question Paper Pattern. Check whole IBPS Bank “PO question paper” subject wise. IBPS (PO) Paper Pattern Analysis with Syllabus and main topics of IBPS Exam 2017. PO Question Paper Pattern, Bank PO sample Papers for IBPS Bank Exam IBPS PO Exam will be conducted at three levels 1st- PO Preliminary Exam 2nd- PO Mains Exam 3rd- PO Common ...
Post a Comment
Read more

Online/Offline CBSE Coaching Classes for class 9

CBSE Coaching Class 9 :-   In a move to make the digital India and Skill India dream into a reality, we are providing the best courses to our students in e-learning mode. Our program consists of entire 9th class syllabus in a fun learning method with various ways like sounds and animations. Our content is in 2-D & 3-D animation for better understanding of students. So That students will be understand every thing clearly and it makes the learning easy and entertaining. We are offering the following subjects for class 9th Standard:   Maths Class Physics Class Chemistry Class Biology Class Our E-learning provides the best and trained teachers with highly qualified for the respective subjects, they help to improve the students’ performance and to teach the every concept clear and easy in better way. Our main motive is to help students to learn well and gain more marks with making  their basic concept strong and good knowledge base ...
Post a Comment
Read more