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Monopoly, Monopoly, Monopoly…

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Monopolies have a really bad rep and sometimes when you mix them up with a ripe pinch of capitalism you don’t always get good things.

While people sometimes suffer when a company has a monopoly, it’s actually great for the company and everyone in the long run.

A company with a monopoly means it has higher margins and having to spend less on marketing and fighting off the competition, this means it can spend money on R&D, pushing new technologies forward.

A competitive market hardly sees any innovation or forward-thinking. Low margins in that market mean all management thinks about is pushing volume just to stay afloat, thus in the long run the people lose.

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