Economics A-Level
Natural monopolies
What Natural monopolies means in Economics A-Level, as defined for AQA.
Definition of Natural monopolies
Check what you remember
Read the wording for your board, then hide it and explain Natural monopolies in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Industries such as water supply where a single provider avoids wasteful duplication of infrastructure, giving an argument for public ownership.
Topics that use Natural monopolies
Related terms
- Allocative efficiency
- Asymmetric information
- Economic performance
- Efficiency
- Government failure
- Monopoly power
- Privatisation and Nationalisation
- Public ownership
Using Natural monopolies in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics A-Level termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge