You are here

Difference between Monopoly and Oligopoly

Some points on difference between Monopoly and Oligopoly are as follows. So let us check it out some information on Monopoly and oligopoly to know more about it.

  1. In monopoly Just one company dominates the industry while in oligopoly a few company dominates the industry.
  2. In monopoly the particular company controls the pricing while in oligopoly the pricing is fair but it is highly influenced by the elite few.
  3. In monopoly there is only one viable seller while in oligopoly More than one seller
  4. Monopoly makes it almost impossible to start a business  while in oligopoly it is difficult to start a business but not impossible.
  5. Example of monopoly is Google  and example of oligopoly is Fast-Food restaurants.
  6. Also check out advantages and disadvantages of monopoly to learn more about monopoly.

Explore more Information

WHAT OTHERS ARE READING

Full Form of DNA

Deoxyribonucleic Acid (DNA)  is a molecule which helps to carry most of the genetic instructions or information in functioning, development and reproduction of almost all kinds of living organisms which is present in nearly all living organisms. DNA can be said as a carrier of genetic information. (Other full form related to DNA such as RNA and other similar terms are also available.)

Process Validation Stages process qualification two

In the Process Validation during second stage that is process qualification some more points are taken into account which are  discussed below. So let us see some points one by one:

During process performance qualification the actual facilities, utilities and equipment are checked whether they are qualified or not.

The personnel operating various equipment are trained or not is checked.

The  procedure which are performed are as per standard procedure is verified and checked.