Monopoly in Capitalism
• Today, different from the era of laissez-faire, a monopoly also exists.
• Monopoly is a practice where a single business firm controls a certain market from pricing, quality, to availability.
• In many industries, a few companies dominate the field and keep new enterprises from entering the market place.
• (e.g. ____________________ monopoly of computer business) Figure 1 and 2: Monopoly by Microsoft Corp.
• Under the era of globalization today, multinational corporations have spread the capitalistic pursuit of profits around the world.
• Developing countries are often not ready for sudden inflow of foreign capital, and it can get damage.