Rivard Project
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- Corporation in Monopoly
- Why??
- Dang it.
- By Joseph Aguirre8th period economics
- All right you two, before you warm up, I have an economics pop-quiz for you. What is Corporation?And what is a monopoly?
- After an hour of whining and debate over what the answers where...
- A corporation is an organization that that is owned by many stockholders, often with small shares in a business
- A monopoly is a market structure that signifies one company or group having complete control over the market.
- *sighs*Thank you.Now you may warm up.
- While those two may not like my economics lessons, they are important. Take, for example, the most common business structure within the economy, the sole proprietorship. While some may assume that because this structure applies mostly to small businesses, it cannot be a monopoly, or at least monopolistically competitive, in reality it can. Think of well-made, handcrafted goods. Often artisans will make their own items through their own small business, and if the only way to get comparable items is from those people, then the business is monopolistically competitive.
- Sole Proprietorship's can also exist in a perfectly competitive industry.This is because everyone sells the exact same product, and barriers to entry are low. A great example of this is selling apples. Anyone can plant an apple tree and start a sole proprietorship selling the resulting fruit.
- That's whack!
- Yeah! Take corporations, for example. A corporation is a company that is owned by many stockholders who own small pieces of the company. Corporations can be a monopoly, which would mean that they control everything about their market, in fact a monopoly could even make a company's switch to a corporation more appealing because people would want to invest in it more. The government will sometimes even encourage monopolies. Another example is partnerships. A partnerships is a joining of two associates who want to share the risks and rigors of owning a business. One place they can exist is in oligopolies, where they can be a controlling factor when the effects of the partnership can be especially appealing, such as in effective law firms.
- Aren't there other example of business structures in different circumstances?
- You like economics WAY to much coach.
- We're done with warm-up coach!
- What can I say?
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