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Monopolies In A Capitalist Eco - Paper

Monopolies In A Capitalist Eco

In a capitalist economy there are both wanted and unwanted monopolies. However, in a capitalist economy certain monopolies are needed. Monopolies have a big impact on the economy and the consumers because of the amount of control that the monopolies have on the economy. There are certain times when it is best to have monopolies then others, it really depends on the status of the economy. There is no doubt that monopolies do indeed play a critical role in a capitalist economy, but sometimes there are negative effects.
It is indeed true to say that not all monopolies are unwanted in a capitalist society. An example of a monopoly that is not unwanted is that of a public utility, like ...

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on San Diego. This, however is the kind of monopoly that the government likes to keep running and in operation because they know that we cannot do without for very long. If SDG&E decided to go out of business there would be no power supplier for all of San Diego County. In addition, because of the fact that SDG&E is the only gas and electric provider they can name almost any price and we have no choice but to comply with their demands unless they can find a dependable alternative, like solar power.
The impact of monopolies is felt very heavily on the consumer. The biggest effect of a monopoly in a market is that it drives up the prices of the product in that market (South West, pg. 179). This happens because there is no competition and no other producer to drive prices down. The government has often tried to break up monopolies when they are presented because it will put a negative impact on the economy. There has even been legislation passed against monopolies. An ...

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Monopolies In A Capitalist Eco. (2008, May 6). Retrieved November 28, 2024, from http://www.essayworld.com/essays/Monopolies-In-A-Capitalist-Eco/83220

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PAPER DETAILS

Added: 5/6/2008 05:26:32 PM
Category: World History
Type: Free Paper
Words: 872
Pages: 4

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