Ok I know it has too do with S.S,But why are they bad? Can we like fix these problems?Can u please tell me and thanx.
2007-03-27 15:55:40 · 6 answers · asked by Lalokitalinda 1 in Social Science ➔ Economics
Any business which is the sole supplier of a service or product in an area and has no competition. Utilities are examples of government regulated monopolies where the government has to approve of prices. There are other companies which make operating systems for computers, Apple and Linux for example, so Microsoft is not a monopoly. You can purchase a competing system. Microsoft is simply huge and most people choose their product because it works with more things made by other companies.
In my town there are 3 gasoline stations, all owned by the same person, all charging the same for different brands. It is a local monopoly, since it's about 10 miles to a station he doesn't own.
DeBeers is a monopoly in diamonds, worldwide. The only independent diamond mines were attacked, workers killed, equipment blown up, until they ceased operating or sold out to DeBeers. Governments were bribed to allow it. That is an example of a really bad monopoly.
2007-03-27 17:14:38 · answer #1 · answered by Taganan 3 · 0⤊ 1⤋
In economics, a monopoly (from the Greek monos, one + polein, to sell) is defined as a persistent market situation where there is only one provider of a kind of product or service. Monopolies are characterized by a lack of economic competition for the good or service that they provide and a lack of viable substitute goods.
you understand? well, have a nice to you my dear friend! good bye! ^^
2007-03-27 23:05:38 · answer #2 · answered by karenM. ^_^ 2 · 1⤊ 0⤋
A monopoly is when one person or company is the exclusive provider of goods or services.
One example would be- Microsoft Windows software.
2007-03-27 23:03:42 · answer #3 · answered by Amanda 4 · 0⤊ 0⤋
The Socialist Myth of Economic Monopoly
http://iakal.wordpress.com/2014/03/12/the-socialist-myth-of-economic-monopoly/
2014-05-24 08:53:01 · answer #4 · answered by ? 2 · 0⤊ 0⤋
do you think when a company has a product
that you use and they are the only place to get it
so you have to get it from them.
so they can charge as much as they want because.
you need it.
power,water,gas,bill gates
2007-03-27 23:04:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋
basicly it means "exclusive ownership or control of of a commodity or market"
2007-03-27 23:23:16 · answer #6 · answered by Anonymous · 0⤊ 0⤋