Monopolies in America.
Many theories about how the economy got so bad, who caused it, and what should be done about it have been bandied about, but no one seems to agree on any one solution. Most experts can only suggest and then cross their fingers and hope they will not be blamed if their recommendations make the situation worse…
Download file to see previous pages...
One fact everyone seems to be able to agree upon though is that the slowdown has to do with the market forces. Capitalism, the alleged basis of the economic system of the United States and a large part of the world, invokes the theories of competition and supply and demand among others. However, when a small number of very large corporations control not only supply and demand, but competition too, then capitalism is no longer the type of economic system in practice by those corporations or anyone else for that matter. Instead the economy in that situation is operating under a monopoly, in which one company controls the entire market segment, or under the similar structure of oligopoly, where two or three companies control the portion of the market in which they do business.
Think Home Depot and Lowes, Office Depot and Staples, PetCo and Pet Smart, and Perot Systems and NeuStar (aka Lockheed Martin Information Management Systems). Those last two may not be familiar, but they are the perfect example of why oligopolies are just as unfair as monopolies. Perot Systems (yes, Ross Perot) and NeuStar were awarded control over the Number Portability Administration Center (NPAC) in 1996, making the two of them essentially a telephone number oligopoly says Tim McElligott in the June 18, 2007 edition of Telephony. When this two party control of the telephone number industry took place, everyone seemed to be pleased, mainly because it was not a monopoly. No one company had majority control. Most thought the Telecom Act of 1996 would regulate the two companies and make the market fair for both them and consumers. However, that belief did not last long. Perot Systems disappeared from the picture leaving NeuStar the one administrator of NPAC. The inspiration for McElligott’s article was that in 2007 Telcordia Technologies petitioned the Federal Communications Commission (FCC) to enter the market with NeuStar and end the monopoly currently enjoyed by that company.1 One would think this was a no-brainer: one company controls all of a market segment; the FCC can remedy that; it should be a done deal in no time. Think again. According to Telcordia Technologies’ website, the battle between the FCC and NeuStar—as well as others now—to end the monopoly of phone number distribution reached an important point in May of 2011. The FCC issued an order that implemented “a multi-vendor competitive procurement process for NPAC.”2 Of course, now a round of appeals will ensue. They may already be in the courts now. It will most likely take another year or two before it is decided. We may all be walking around with microchips in our heads before the FCC decides whether NPAC should be regulated by monopoly, oligopoly, or capitalism. Capitalism requires competition to regulate. Consumers want to be able to feel as if they control the way they spend their money. One way they can do that is to “vote with their wallets/pocketbooks.” If bargain pricing is their aim, then they want to be able to purchase products at low costs. Some consumers are willing to pay more for better service or higher quality products. Consumers may also want variety so that everybody’s tastes are addressed, even the most eclectic. In a capitalistic economic system, consumers have the power to make or break a corporation. In a monopoly or oligopoly, corporations have the power to
...Download file to see next pagesRead More
Cite this document
(“The rise and fall of monopolies in America Research Paper”, n.d.)
Retrieved de https://studentshare.org/history/1392870-2500-word-historical-research-paper-the-rise-and-fall-of-monopolies-in-america
(The Rise and Fall of Monopolies in America Research Paper)
“The Rise and Fall of Monopolies in America Research Paper”, n.d. https://studentshare.org/history/1392870-2500-word-historical-research-paper-the-rise-and-fall-of-monopolies-in-america.
Nearly two thousand years before Christ, Egypt was invaded by an army of nomadic people from Asia, who later came to be known as the Hyksos or ‘shepherd kings’ in detestation by the local Egyptians. The Hyksos reigned over Egypt for around four centuries, but could never get along with the natives.
The Rise and Fall of FLAVR SAVR Tomato: A Delayed Ripening Tomato" Introduction: Genes, the genetic make-up of both plants and animals form the foundation as well as subsistence of life on the planet. On expression, genes display the appearance of the organism.
Corporate businesses look at the bottom line also from another perspective- whether the business activities have contributed to a rise in the value of share prices that belong to the shareholders. That said- a business can only hope to survive and prosper in the marketplace when it strategizes against the many internal and external forces that provide opportunities and threats not only to the firm but indeed to the whole industry sector.
However, the critics could not change the fact that the business empire had captured the market’s attention. Year after year the market value of the company sky rocketed as investors sought to cash from the opportunity. Every step of its growth was calculated.
In contemporary era, the world is divided into western civilization and western civilization but earlier there were a number of civilizations that rose, ruled and collapsed. These civilizations included the Roman Empire, the Ottoman Empire, Maya Civilization, Anglo Saxons and Byzantine Empire etc.
Before he became a politician, he was a tailor by profession, and he lacked formal education since he grew in poverty. In his political career, was in the US Congress, he was a Tennessee legislature and the governor of Tennessee. He was a Democrat who championed the measures by the populists, and he was a supporter of the state.
This fraud was considered one of the largest of the season by many innovative and admirable. The case had a number of consequences beyond the bankruptcy of Enron, namely, the dissolution of one of the largest accounting firms in season (Arthur Andersen) and the creation of the Sarbanes-Oxley Act.
Although his family had the noble hereditary line, the family was relatively moderate. Napoleon Bonaparte had a good education at an early age and later joined the army at an early age. His successful battle campaigns in Europe saw him rise up the ranks of military very fast and very soon, he was already a very senior person in the army.
The province integrates 20 sovereign countries by capturing nearly 13% of the earth’s land surface. Among these, Venezuela, Argentina and Colombia are some of the most important economies of Latin America in terms of population
12 Pages(3000 words)Research Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic The rise and fall of monopolies in America for FREE!