Government monopolies are the worst monopolies: Minoo Masani is among the main developments being tracked today. Private monopolies have the police power of the government to check them. But where the government becomes a factory-owner, there is no appeal, Minoo Masani said.
Private monopolies have the police power of the government to check them.
But where the government becomes a factory-owner, there is no appeal, Minoo Masani said.
I speak for a Party which believes in competition.
That is the classical Liberal school of economics.
We believe that any restriction on competition is prima facie undesirable, though in rare cases it can be connived at by the State for social purposes.
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