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The Government of India in April 1964 appointed the Monopolies Inquiry Commission under the Chairmanship of Justice K. C Das Gupta, a judge of the Supreme Court, to inquire into the extent and effect of concentration of economic power in private hands and prevalence of monopolistic and restrictive trade practices in important sectors of economic activity other than agriculture.
When Chinese developers started making computerized versions of Monopoly clones, they diverged from the original in board layout and game rules, but the key elements of dice rolls and land acquisitions remain. In the mid-1990s, Monopoly was sold in Mainland China under a different name (强手棋), which does not have localized place names.
A monopoly has considerable although not unlimited market power. A monopoly has the power to set prices or quantities although not both. [37] A monopoly is a price maker. [38] The monopoly is the market [39] and prices are set by the monopolist based on their circumstances and not the interaction of demand and supply. The two primary factors ...
Coal in India has been mined since 1774, and India is the second largest producer and consumer of coal after China, mining 997 million metric tons (1,099 million short tons) in FY 2023-24. Around 20% of coal is imported.
In economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement.
India's share of global industrial output declined from 25% in 1750 to 2% in 1900. [14] From 1600 to 1871 the ratio of GDP per capita in India to that in Britain fell from more than 60% to less than 15%. [16] India's national debt ballooned under British rule, and half of India's revenue was being siphoned to foreign countries, primarily England.
The India Salt Act of 1882 included regulations enforcing a government monopoly on the collection and manufacture of salt. Salt could be manufactured and handled only at official government salt depots, with a tax of Rs 1-4-0 on each maund (82 pounds). In 1944 the Central Legislative Assembly passed the Excises and Salt Act (Act No. I of 1944 ...
A state monopoly can be characterized by its commercial behavior not being effectively limited by the competitive pressures of private organisations. [1] [2] This occurs when its business activities exert an extensive influence within the market, can act autonomously of any competitors, and potential competitors are unable to successfully compete with it.