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Difference between Monopoly and Monopolistic market

Some of the difference between monopoly and monopolistic market are as follows. So let us check it out some information on monopoly to know more about monopoly.

  1. In Monopoly market there is only one producer of a product while in monopolistic market there are large number of producers.
  2. In monopoly market there is no difference between industry and firm and in monopolistic market there are many firms and the industry is called a group.
  3. In monopoly market there is no product differentiation while in monopolistic market every producer produces differentiated products.
  4. Also check out some advantages & disadvantages of Monopoly to learn more about monopoly.


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What is Market economy ? Advantages and Disadvantages of Market Economy

Check out Advantages and disadvantages of market economy (capitalism) given below. So let us find out some points on advantages and disadvantages to know more about market economy. This type of economy is nearly free fro governement interference, Economy is based on private ownership where individual control the production, distribution and sales of goods and services.