A company given distinct rights via the government to do business in a selected location is a set of solution alternatives: a franchise monopoly.
A monopoly is defined as a single supplier or producer that excludes competition from supplying the same product. A monopoly can dictate fee adjustments and creates boundaries for competition to go into the market.
Monopoly offers an advantage over others: an extended, pleasing and aggressive recreation. Monopoly is one of the maximum famous board games in the global. Its device of the lease, buildings, mortgages and auctions display the capitalist economic system. The board recreation Monopoly its starting place in the early 20th century. The earliest recognized version, called the landlord's game, was designed through Elizabeth Magie and primarily patented in 1904, however, existed as early as 1902.
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