What is a Monopoly
A monopoly happens when only one company or person controls the entire market for a product or service.
📌 Example:
Imagine if only one shop in your whole town sold water.
They can set any price, and people have no choice but to buy from them.
That’s a monopoly.
💥 What Happens in a Monopoly?
No competition — only one seller.
High prices — they can charge more.
Less choice — customers can't choose another brand.
Lower quality — the company might not improve because there's no pressure.
🧠 Real-Life Examples:
Railways (in some countries, only the government runs them).
Utility companies (like electricity or water) — sometimes they’re the only provider.
🔐 Is Monopoly Good or Bad?
Sometimes okay if the service is important (like electricity).
But usually bad for customers because it kills competition and choice.
🍫 What if Nestlé Was a Monopoly?
Imagine if only Nestlé was allowed to sell chocolates, milk powder, coffee, and baby food in your country.
That means:
No Dairy Milk 🍫
No Boost 🏃♂️
No Nescafé competitors ☕
No Amul milk ❌
Only Nestlé everywhere!
💰 What Would Happen?
Prices go up – Nestlé can charge more 💸
Less choice – You can’t pick other brands 🛒
Lower quality – No reason to improve, no competition 🤷
Full control – Nestlé controls supply, price, and even ads 📺
🛑 Is Nestlé a Monopoly in Real Life?
❌ No, Nestlé is not a monopoly.It’s a very big company, but it has many competitors like Amul, Cadbury, Bru, Horlicks, etc.
