Sample Essay

Word length approx: 2026 words

3 works cited

Monopoly is a term used very often in economics. Monopoly refers to a single firm being the only provider/supplier of a particular product or service in a country. Since it is only one company which is responsible for selling a particular good or service, it is able to charge consumers high prices for that particular product. With there being no competition in the market against that particular monopoly, the firm is able to exploit consumers to a great extent and there is nothing which can be done.

The prices of goods in the market usually depend on the demand and supply factor. The more a good is in demand, the higher the price which suppliers will charge for it. If a company selling necessities is a monopoly, people will have no other option but to buy those goods at a higher price. This generally tends to go on until the government puts a stop to it; there isn’t any other option available. The existence of monopolies is not very healthy for an economy of any country as there isn’t proper business taking place.

There are many economists who believe that the market should not be monopolized and the running of the industries should be left in the hands of the government of each country. This can certainly be beneficial to the public to a certain extent. This will allow everyone access to all goods in the market at a lower price and no consumer will be exploited. However, if all industries are run in this way, there are going to be no profits earned by the government and no money available for the country to run. Resources will be used up continuously and there will not be any return coming in place of these resources. This would turn out to be a disaster as the government would tend to be short of resources and would not be able to meet the demands of the consumers.

Due to this purpose, some economists, however, do believe that the existence of certain monopolies is very much required and that….

The above is an excerpt from an essay written by our writers. If you wish to purchase this essay or an essay written on another topic, place an order now. Our writers have written a variety of essays on different topics and are 100% original. So place an order with us today and benefit from our writing services.

Thank you for visiting Essaydemon.com and viewing our articles and sample papers. Kindly be informed that all these articles and sample papers are for marketing purposes only. The sole purpose of these articles and sample papers is just to provide our customers with an idea about our services before they place an order.

Kindly visit our order/inquiry page for further assistance.

Kindly order custom made Essays, Term Papers, Research Papers, Thesis, Dissertation, Assignment, Book Reports, Reviews, Presentations, Projects, Case Studies, Coursework, Homework, Creative Writing, Critical Thinking, on the topic by clicking on the order page.

admin

Recent Posts

Essay: Supernovas

What is a supernova? Supernova is the stellar explosions that outshine entire galaxies for a…

1 day ago

Essay: Formation of Nation States

Nation States A nation-state can be described as one that geographically coincides ethnically and is…

1 week ago

Essay: History of Video Games

History of Video Games The first ‘video game’ was designed and created by William Higinbotham…

2 weeks ago

Essay: Genetically Modified Foods

Genetically Modified Foods Genetically modified foods are derived from living things that have had special…

3 weeks ago

Economics Research Papers

Order economics research papers without being apprehensive When you talk about the subjects of the…

4 weeks ago

Essay: How to Manage Anger?

Sample Essay on How to Manage Anger Anger is that sudden feeling of being intensely…

1 month ago