Corporation in Monoply
Storyboard Text
- Corporation in a Monopoly
- By Aiden Willars
- What is a Business Organiation and Market Structre
- Hm I Wonder what a Business Organiation and Market Structre are?
- A market structure is how different industries are classified and differentiated based on their degree and nature of competition for goods.
- A business organization is an entity formed for the purpose of carrying on commercial enterprise.
- How can a corportation become a monoply
- Hey I was also wondering how a corportation could be a monoply?
- So for a cooperation to be a successful monopoly it has to control a specific market. For example, Windows, Microsoft, and even your local gas company are all examples of corporations in monopolies
- First you need to understand a monopoly is when one company and its product dominate an entire industry, there is little to no competition, and consumers must purchase specific goods or services from the one company.
- How can supply and demand affect a corporation
- How can supply and demand affect a corporation?
- A lack of market demand will force you to lower prices in order to get more people to buy your product, while a lack of supply may cause prices to rise very drastically.
- Advantages and Disadvantages
- Finally what are some advantages and disadvantages to a corportaion in a monoply
- Some advantages would be that the government can limit the corporation that way the prices aren't too high where nobody can afford it.
- A disadvantage would be the fact that a corporation is doing all of the work and dominating the market to make a monopoly so you have to use there product because there aren't other options for you to choose.
- The end
- Thank you for teaching me about corporations in monoplies
- You are welcome
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