Example #4: AlibabaĪlibaba is a China-Based business that is one of the few retailers monopolizing global e-commerce. As such, Facebook is a clear example of a monopoly in the social media market. In 2014, Facebook acquired WhatsApp, a rising competitor in the social media segment, further solidifying its monopoly status. It is simply a monopoly due to its lack of direct competition, strong pricing power, and dominant user base worldwide. Example #3: Facebookįacebook dominates the social media market as the leader, with 2,958 million monthly users (as of January 2023).
#Government monopoly examples in real life windows#
Moreover, Microsoft bundled its Internet Explorer web browser with Windows operating system to become the preferred desktop in every household. With the cloud computing platform Microsoft Azure, Microsoft has maintained its presence and dominance in the market. Even today, Microsoft enjoys dominance in the market, recording $51.9 billion in revenue in Q4 2022. Microsoft has enjoyed a monopoly in the computer and technology industry since 1999. Therefore, Google undoubtedly is one of the giant monopolies in the world, with a notable presence in several other markets as well. It gives Google an advantage over smaller advertisers who do not have access to the same level of user data. Its business model heavily relies on collecting user data to personalize ads based on the user’s search history and location. The company’s primary source of revenue is advertising, and it currently controls a striking portion of the global advertising revenue, estimated to be around $224.47 billion in 2023. Thus, it is a superior player in the industry. Google has a significant market share in the internet industry compared to its competitors, such as Microsoft and Yahoo. Monopoly Examplesīelow are the different Monopoly Examples: Example #1: Google Government Monopoly: It is a monopoly where the government owns and controls a particular industry, sector, or business.Įxample: Water supply, electricity distribution, and mail services are prominent examples of government monopoly. Technological Monopoly: It is when a company or business has access or exclusive rights over a technology or manufacturing method that no one else can use.Įxample: Pharmaceutical companies with patents for certain medicines can fall under technological monopoly examples.Ĥ. Geographical Monopoly: It is when there are no other sellers available in that part of the world.Įxample: A local cable servicing company has a monopoly in a particular area in a city.ģ. It also has many barriers to entry into the market.Įxample: The most familiar examples are the oil and gas, railway, and aviation industries.Ģ. Natural Monopoly: It is a situation where it is best if only one seller makes and sells a product.
0 kommentar(er)
