Friday, April 19, 2019
Monopoly in business commentary
In the business aspect of monopoly, it makes sense for a business owner or a wealthy person to be part of a monopoly. Unlike my colleague Charles explained Charles Muhire Blog, I'm a strong believer that the economy is all about choice. It gives entrepreneurs a chance to grow and improve on new ideas, solving unique problems to enter the market. Monopoly allows international companies to compete domestically allowing products to be cheaper and cheaper. Innovation gets better because every company must keep competing collectively in that industry. Above all, the U.S government can create a lot of regulations by the way you and I vote. The bigger business will only be satisfied. The more the regulations the less the smaller business can compete with the bigger top companies. Which means prices don't go lower and what we, the consumer vote for is to make things efficient and more cost effective. The more the regulations the less that will happen to us.
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