What is a monopoly

A detailed Summary of What is a monopoly

When one hears the word monopoly, most think of it as the board game or as the controlling of a market. Although the game Monopoly is more of an example of what a monopoly is, it is a great example in explaining the definition. The second way people think of a monopoly is its dictionary definition as the exclusive control of a given commodity or service in a given market. I will not try to explain what the definition of a monopoly is in this paper, but rather explain what components make up a monopoly and how they interact together. I will try and answer the questions on why monopolies exist and their traits that control the business world. Microsoft is probably one of the first companies that comes to mind when one thinks of a monopoly. I will discuss Microsoft in fairly well detail because I believe that they are a prime example in my dissection of monopoly because of their recent court litigation. I also believe John Rockefeller played an important role in creating a corporate enterprise and he is also considered to be a monopolist by many. I believe monopoly is just a term used for the process of a corporation or person trying to innovate and create standards for the success of their business.

The most important idea that a monopoly presents is just the ability to succeed in the business world. Through my two examples of monopolists, I have shown that a monopoly is not necessarily a negative thing. It allows technological and economy advancements that provide society with a fast development of their capitalist environment. A monopoly provides an efficient manner for advancing of the capitalists and individualists views of providing the biggest and best for everyone.

First of all, Microsoft is a technology corporation headed by Bill Gates that produces computer operating systems and software. It was formed in the 1970's and their objective was to create an operating system so one could run programs on a computer. They began with MS-Dos and eventually developed the Windows line of operating systems. The argument many pose is that Bill Gates created an empire that completely controls the market. However, this is not the whole story. Microsoft has created a standard for the computer software industry. Because of these standards, the world has been brought together. People can use their software and have it transferable without having to worry if it will run on a certain computer. When someone says that they have windows it is widely accepted that anything will run on this operating system if it is Windows compatible. This allows anyone to use the consumer to use the Windows system with confidence and versatility. For corporations this idea of a standard is very important. It allows them to concentrate on creating one type of software programming medium that will work on any Windows based computer. One example of a negative impact when you do not have standards is chaos. One example where there is chaos is the cellular phone industry. When this industry began it used about four different standards. Each

Some common words found in the essay are:
Bill Gates, Michael Dell, John Rockefeller, Standard Oil, , North America, Intel PC, Sherman Antitrust, standard oil, michael dell, john rockefeller, bill gates, monopoly example, standards success, cellular phone, operating systems, operating system, business world,

Approximate Word count = 1242
Approximate Pages = 5 (250 words per page double spaced)

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