New Delhi, Sept. 8 -- There are arguments for both monopoly and competition among companies, each having distinct advantages and disadvantages.

Balancing between monopoly and competition involves managing the trade-offs between market dominance and competitive forces.

A balance is usually preferred where fair competition exists, but in some cases (like public utilities or pharmaceuticals), some monopoly characteristics might be justified to support large investments and infrastructure.

Balancing monopoly and competition means regulating market power, so monopolies do not exploit consumers, while fostering enough competition to drive efficiency and innovation in the market.

One such company that has a monopoly is Indian Railways Cateri...