inspite of having monopoly the indian railways increased the fares marginally every year.why ?
Dear student.
Indian Railway is a major public sector undertaking and its main motive is social welfare not the profit. Therefore, inspite being biggest monopoly it does not raise fare unreasonably.
Regards
Indian Railway is a major public sector undertaking and its main motive is social welfare not the profit. Therefore, inspite being biggest monopoly it does not raise fare unreasonably.
Regards