Is market monopoly good or bad ?

Exactly, monopoly is always good for businesses as they can easily twist the policies and people have to follow as they have no other option in the market.

Its always bad as I consider for the reason being its unhealthy for both; consumers & sellers.

It may badly affect consumers due to price control by sellers. It also may not be good for marketers as due to that they might not pay attention to quality & product up gradations like we have witnessed when people in India drove four wheels only from two companies for years without any substantiate product improvements as comparison to present times where even successful models are subject to regular feature & technology advancements.

I believe that, in today’s modern jet age where everyone is being smart enough, there is healthy competition for all types of services and it’s very difficult to make monopoly. To become monopolist many things are done illegally and therefore should be prevented by laws. Most of the times government steps in to either regulate the monopoly, or forcibly break it up. There are some commodities for e.g. oil, gas etc whose availability and production is more in gulf countries. This monopoly is unfortunate and is difficult to be controlled since these resources are provided by nature.

To become monopolist in the market many things will be done illegally. This type of market has huge disadvantage since the prices of the products from monopolistic companies are uncontrollable.