I'm really Thinking of starting a Corporation Business
Great! But What is a Corporation?
A corporation is a legal entity that is separate and distinct from its owners
Oh yeah I heard about it But, I am confused, so What is monopoly?
A Monopoly is the control supply of a good or service and where the entry of a new producers is prevented or highly restricted
Oh ok I'm already understanding, but now i would like to know how does a Corporation become a Monopoly?
Okay let me explain it you, When a single company or groups owns all or nearly all of the market for a given type of product, while companies they increasing market sharing monopoly is not easy to do.
That's is good, but can you tell me the benefits of Monopoly?
Fantastic! Great information and good benefits.
Sure, but it will be quick because i have to go, some benefits are provide including exploit economies of scale, avoidance of duplication of infrastructure and revenue.
Ok friend thank you for clarifying my doubts. Well see you soon.