Trusts and Monopolies?

Question

what are they?

Answer 1

Trusts are guided by Trust Laws of a country. Trusts normally are non profit making organizations devoted to a specific social purpose.

Monopolies are big business houses having a large chunk of market share in its products having very few or no competitor. Monopolies in the specific product or services do enjoy seller's asking prices years together unless a suitable challenger company market the same product to public with a better/ competitive quality and price.