A type of economic condition in which a group controls all the means of production, and can set their price is called A Monopoly. Broadly speaking, there is one major player who controls the whole market and is thus able to know the quantity and cost of the goods it produces
. We have various kind of monopoly namely
The Consumer Price Index (CPI) is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services
