Task what is oligopoly and what are the characteristics of that?

4.0 How has globalization affected competition in the telecom industry, and what are the implications for market outcomes and efficiency?
Modernization has had a major effect on the Uzbek telecommunication business, particularly on competitiveness and market outcomes. The wireless communications sector has gotten stronger as economy has opened up and foreign players have entered. This has resulted with greater innovation, superior products and services, and cheaper prices for consumers. However, growing rivalry has resulted in a consolidation of industries, with larger businesses absorbing competitors in order to acquire shares of the market.

It may have long-term ramifications for market performance and productivity, as it may result to less competition and higher pricing. Furthermore, the presence of international competitors has raised worries about security at home and the safety of domestic industry.

Uzbekistan's telecommunication business has grown rapidly in the past decade, primarily in the cellphone segment, where comprehensive network access allowed for extremely high saturation rates. The development of the industry is mostly attributable to an increasing urban population and the widespread usage of mobile phones that offer 3G, 4G, and 5G services.

Nevertheless, classical phone services are declining in popularity, and the business is turning toward data usage. The widespread use of mobile LTE networks across the nation (together with the potential addition of 5G services) signals to a more informed by data potential for the business.

Uzbekistan's information and telecommunications business is vitally vital and aligns with its long-term growth goals. It is the foundation for the shift to a knowledge-centered economy and the growth of the online economy. The sector is virtually entirely devoted to the country's market, where the downward trend in indicators of society continues.

The number of people buying power is dwindling as the consumer price index rises higher than the typical wage. As a result, the government must take steps to improve the investment competitiveness of Uzbekistan's communications and telecommunications business, propel this sector to long-term prosperity, and have a beneficial effect on the nation's fiscal outlook.