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Economy
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Money Supply
See AlsoDo Monopolies Actually Benefit Consumers?Profit Formula - Profit Percentage Formula and Gross Profit Formula9 Real-World Monopoly Examples of Various Industries (2023)What Is a Monopoly?The total stock of money circulating in an economy is the money supply.
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Moral Hazard
Moral hazard is a situation in which one party gets involved in a risky event knowing that it is protected against the risk and the other party will incur the cost.
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Definition: A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
Description: In a monopoly market, factors like government license, ownership of resources, copyright and patent and high starting cost make an entity a single seller of goods. All these factors restrict the entry of other sellers in the market. Monopolies also possess some information that is not known to other sellers.
Characteristics associated with a monopoly market make the single seller the market controller as well as the price maker. He enjoys the power of setting the price for his goods.
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Monopolistic MarketsKnow more about Monopoly. View this...
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- MONOPOLYMARKET CONTROLLERGOVERNMENT LICENSECOPYRIGHT AND PATENT
- PREV DEFINITION
Money Supply
The total stock of money circulating in an economy is the money supply.
Read More
- NEXT DEFINITION
Moral Hazard
Moral hazard is a situation in which one party gets involved in a risky event knowing that it is protected against the risk and the other party will incur the cost.
Read More
Related Definitions
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- Bank RateBank rate is the rate charged by the central bank for lending funds to commercial banks. Description: Bank rates influence lending rates of commercial banks. Higher bank rate will translate to higher lending rates by the banks. In order to curb liquidity, the central bank can resort to raising the bank rate and vice versa.Also See: Base Rate, Call Money RateBarter the hard currency came into existence, the most common form of trade was bartering. Barter Systemdates back to the old time when there was no money. The only way to buy goods was to exchange them with personal belongings of similar value. For example- A farmer gives his cattle in exchange for some land, and so on. In simple words, any exchange of goods and services for other goods and services wiBase RateBase rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers. Description: Base rate is decided in order to enhance transparency in the credit market and ensure that banks pass on the lower cost of fund to their customers. Loan pricing will be done by adding base rate and a suitable spread depending on the credit risk premium.AlsBasel IiiThe third Basel accord or Basel-III is the cornerstone of banking supervision in the world. Framed by a committee of elite central bankers, the accord provides the guidelines for prudent supervision of banks all over the world and sets the standard for such supervision.Description: Basel-III is third in the series of accords following Basel-I and Basel-II. It was released in December, 2010, in
- BrexitIt is an abbreviation for the term “British exit”, similar to “Grexit” that was used for many years to refer to the possibility of Greece leaving the Eurozone. Brexit refers to the possibility of Britain withdrawing from the European Union (EU). The country will hold a referendum on its EU membership on June 23.Description: Why the Call for Referendum?When David Cameron became the prime miBrics the BRICS?BRICS is an acronym that started as BRIC in 2001, coined by Jim O’Neill (a Goldman Sachs economist) for Brazil, China, India, and Russia. Later in 2010, South Africa was added to become BRICS. Goldman Sachs claimed that the global economy will be dominated by the four BRIC economies by 2050. The main reason for such a claim was that China, India, Brazil, Russia, and South Africa were ra
Related News
View: How monopoly businesses and a consolidating industry hurt consumers and drive economic inequalityEntrants challenge Asian Paints in India's decorative paints sector. Industry consolidation impacts stakeholders. Zephyr Teachout and Viral Acharya advocate curbing monopoly practices for consumer welfare. CCI's role in overseeing big business growth is crucial amid sector consolidation.- Google steps up Microsoft criticism, warns of rival's monopoly in cloudGoogle Cloud criticizes Microsoft's cloud computing practices, accusing them of seeking a monopoly that harms emerging technologies. Microsoft refutes the criticism, stating healthy competition exists. Trade group CISPE is in talks with Microsoft to resolve its EU antitrust complaint.
- UPI best payments system in world, RBI not averse to having rival of NPCI: Reserve Bank Governor Shaktikanta DasUnified Payments Interface or UPI, developed by National Payments Corporation of India (NPCI), has been a runaway success and is already operational in some countries, including Singapore and the UAE. Its monthly volume in the country crossed the 100-billion mark many months ago. RBI is in discussion with more central banks in other countries. Dismissing the criticism that NPCI, set up by RBI and other financial institutions, has become a monopoly, Shaktikanta Das said, it is the best creation.
- US wraps up case against Google in historic antitrust trial: The story so far and what's nextDuring the trial, which started on September 12, the US Justice Department sought to prove that Google is a monopolist and abuses its power to stay on top in the online search space. Here’s all you need to know about the case at this stage.
- Sundar Pichai returns to court to defend Google for second time in two weeksIn his latest court appearance in San Francisco, Pichai spent more than two hours defending the business practices of the Google Play Store, which distributes apps for the company's Android software that powers most of the world's smartphones.
- Antitrust battle: Google, Amazon, Apple face heat amid growing market dominationThe United States FTC has sued Amazon, arguing it broke antitrust laws, the Justice Department sued Google in another case over its control of online ads. Here's a look at some of the most important antitrust cases in recent times.
- Google reaches tentative settlement with 36 states and DC over alleged app store monopolyThe agreement, cited in a court filing late Tuesday by both sides, is subject to approval by the state attorneys general and the board of directors of Google's parent company, the execution of an agreement and court approval.
- Google turns to a steady old hand to fight antitrust chargesGoogle and its parent firm Alphabet are preparing to face off next week in federal court against the Justice Department and a collection of states, which claim the tech giant illegally abused its monopoly power to keep its search engine on top.
- Revamp of airport slot usage norms paused amid monopoly worriesIndian authorities have put on hold new guidelines intended to increase the frequency at which airlines are checked for usage of airport slots. Airlines will lose these assets if they are not used at the prescribed threshold. Current guidelines operate on an annual review system, whereas the proposed system stipulates that airlines should be checked every six months.
- Game-maker creates 'addicting' game by mashing up Monopoly and Scrabble: All you need to knowGaming enthusiasts can experience a thrilling crossover with the release of Monopoly Scrabble, a creative fusion of two beloved classics - Monopoly and Scrabble. Despite their apparent differences in gameplay, this innovative combination offered delightful fun for players of all ages.
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