8 Questions
Which company is considered a monopoly firm in Bangladesh?
DESCO (Dhaka Electric Supply Company Limited)
Which utility company operates as a monopoly firm in Bangladesh?
DESCO (Dhaka Electric Supply Company Limited)
Which organization functions as a monopoly firm in the energy sector in Bangladesh?
DESCO (Dhaka Electric Supply Company Limited)
What does economics study?
How people make choices
Which of the following is considered a resource in economics?
Entrepreneurship
What is the role of economics in resolving the contradiction between unlimited wants and finite resources?
Playing a vital role
What is the significance of goods in economics?
They provide satisfaction
Which category do economists divide resources into?
Land, labor, capital, entrepreneurship
Study Notes
Monopoly Firm in Bangladesh
- Titas Gas Transmission and Distribution Company Limited is considered a monopoly firm in Bangladesh.
Utility Company Operating as Monopoly
- Dhaka Power Distribution Company Limited (DPDC) operates as a monopoly firm in Bangladesh.
Organization in the Energy Sector
- Bangladesh Power Development Board (BPDB) functions as a monopoly firm in the energy sector in Bangladesh.
Scope of Economics
- Economics studies human behavior and decision-making as it relates to the allocation of scarce resources to meet unlimited wants.
Resources in Economics
- Land, labor, capital, and entrepreneurship are considered resources in economics.
Role of Economics
- The role of economics is to resolve the contradiction between unlimited wants and finite resources by allocating resources in the most efficient way possible.
Significance of Goods
- Goods are significant in economics because they satisfy human wants.
Categorization of Resources
- Economists divide resources into four categories: natural resources, human resources, capital resources, and entrepreneurial resources.
Test your knowledge of monopoly firms in Bangladesh with this quiz. Identify the monopoly firm from the options provided and see how well you know the key players in the Bangladeshi market.
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