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Advantages and Disadvantages of Monopolistic Competition

Some of the Advantages and Disadvantages of Monopolistic Competition are as follows. So let us check it out some information on monopolistic competition to know more about it.

Advantages of Monopolistic competiton are :

  1. In mopolistic competiton the market is more efficient than monopoly but it is less efficient than perfect competition.
  2. In monopolistic competiton differentiation creates choice, diversity and utitlity.
  3. Markets are relatively contestable as there are no significant barriers to entry in monoplistic competiton
  4. Numerous sellers

Disadvantages of Monopolistic competition are :

  1. In monopolistic competiton higher price is charged and control over price is limited.
  2. No market control or limited market power
  3. Non-price competiton
  4. In monoplistic competiton large firms have a cost advantages over small firms.
  5. You might also like advantages and disadvantages of monopoly to learn more about monopoly.

 

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Process Validation Types Retrospective validation

Retrospective validation is the second type of process validation, some of the points regarding the retrospective validation are given below , so let us check it out one by one:

Retrospective validation is the documented evidence in which the process validation is carried out based on the historical data.

Validation of facilities, process, or processes are carried out based on the available historical data or reports.

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Medicinal Uses of Tulsi Plant are :

Tulsi has ability to cure many types of fever because tulsi has very potent anti-bacterial, germicidal,antibiotic and fungicidal properties which are great for resolving fevers.

Tulsi plant is also helpful to enhance the immune power of the body.

Tulsi helps to maintain normal body temperature of the body.

Full Form of RTGS

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RTGS stands for Real Time Gross Settlement.

Full Form of DNB,MBBS

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The List of Abbreviations used in Pharmaceutical Industry

Check out more information of related terms

In Chapter number nine of the list of abbreviations used in pharmaceutical Industry you will get some of the other words used in pharma industry which are given below.

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Other full form of NA are Nucleic Acid, North America,National Association and Sodium.

so let us find out other meaning of the given terms.

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