Keep away, Monopoly!

Keep away, Monopoly!
Now economy is very important to have a good life because world is changed. In addition, some countries work together to improve their economy and they share their experience to create perfect product to help their citizens. According to “Small Business and Entrepreneurship" the author's claims "many immigrants have clustered in U.S. communities . . . . These ethnic pockets laid the foundation for the development” (n.d. para. 2). That mean different culture can help to get good product. It is clear that people and countries need to have free market to get great economy, but that will not happen when we have monopolies. Moreover, some government in the past support monopoly, but now they try to change the system. For example, in Saudi Arabia In the past we have had many monopolies but now the government is trying to reduce the proportion of because they have benefited from the experiences of other countries. In addition, they want to accompany economic development in the world. Therefore, we should not allow monopolies company in our community because monopoly leads to less competition, higher prices, and awful products and services, and it affects the growth of economy.
We can understand that Monopolies and business have a relationship. According to " The Lectric Law library's Lexicon on Monopoly" the definition of monopoly is " the abuse of free commerce by which one or more individuals have procured the advantage of selling alone all of a particular kind of merchandise, to the detriment of the public" (n.d. para. 1). In addition, that monopoly has been used for several centuries in the world. In this article "Way Monopolies Are Bad" Adkins says, "origins of monopolistic behavior are as old as politics or commerce" (n.d. para. 2). That means we can not know the exact date of starting the monopolies in the world In this article "History of Antitrust Regulation" the author tell us "On July 2, 1890, the first federal law directed against industrial combination and monopoly was enacted" (n.d. para. 5). That is about monopolies in the United State history. However, from two decades ago the monopoly was more popular, but the world changed and now countries have awareness more than the past. In addition, they are trying to move away from monopolies and not allow them. For example, in the past, we had a large number of monopoly companies in the world, but now they begun to disappearance because they have negative points.
The first reason to support that idea of not allowing for the existence of monopolies is that monopoly helps to reduce competition. According to "Alcohol Industry Opposes Monopoly" Smolchenco says, "The introduction of monopoly would seriously harm competition" (2006. para. 3). Therefore, monopoly leads to less competition when the trade is between small numbers of companies we will have a few options. On the other hand if there are a large number of traders, that means more competition. In addition, competition helps to get customer satisfaction. When there is a need of some customers to purchase some products especially with products that are difficult to stay without like food, clothes and electricity, in the same time they have dissatisfaction with the product. That will be lead to get customer discontent. For example, in Saudi Arabia we have only one company provides electricity service, and nobody can live without electricity that makes people take this service even if they do not like it. Finally, the lack of competition is bad for customer because the people need more chances to have good quality.
The second reason is that monopoly leads to higher prices. It is bad for people when the products or services are come from one company or two companies. This leads to higher prices. For example, if one company provides telephone service in a particular area and no alternative for this company. In this case there will be no objection to the company raising prices and this is not good for consumers because if prices rise will happen some damage to the financial position for consumers. In this article " Ryanair Welcomes OFT BAA Decision" the author claims "Regulation by the CAA has clearly failed, it's time to allow competition between the London airports to deliver better facilities and lower costs for British passengers and British business". (2007, para. 4). That means in London airports there are a monopolies for the services of passengers and this led to a rise in the cost Furthermore, the monopolies are like robbery. If companies raise the prices and they have knowledge about customers will forced to buy product. These are called theft and attack on the rights of others. In this situation is no different between the merchants who support monopolies and among thieves. Finally, we can understand that monopoly drives the prices up and that is not good and harmful for people.
Third, if the monopoly companies know they do not have a competitor, they will not try to improve their services and products. In addition, Monopoly goods will not face similar products from other companies, and this will ultimately lead to a failure to develop products because one of the most important reasons for products development is the competition For example, if we have number of companies and they are producing the same product. In this case, they will try to improve their product to obtain the consent of people then will be there high-quality products. Sometimes if companies control some products and they do not have a real competitor this leads to poor quality goods because some of the traders do not have consciences and they often think about quick profit, not consumer convenience. For example, the companies which provide Internet service in Carbondale it not provide services excellently. The reason is that we do not have big number of companies provide the service. Finally, Monopoly is not conducive to the development of products and services and this is not good for customers.
Finally, economy is in everything in our lives and the monopoly is one of the most important causes which affect the growth of economy. Because if there was a monopoly that will be lead to a lack of companies. Moreover, this would result in a high proportion of corporate profit at the expense of the individual. In this case, the per capita income will reduce, which in turn leads to decline the growth of economy. For example, in Egypt they have many monopoly companies this led to create a large number of poor people and led to the decline of the economy in Egypt. In addition, Monopoly is major reason for not acquiring consumer confidence, and this will affect directly on the economy. Because if there is no mutual trust between the customer and company, will be there interruption in the economic wheel, this will negatively impact the economy. For example, something happened to me with media.com a monopoly company that provides Internet service in Carbondale. When I found that service was not good and the price is high this led me to the decision to cancel dealing with this company. That means If customers doing like me this will be directly affect the economy. That is why should support a new law against monopoly to assist in economic growth.
Opponents argue that monopoly is good and that some governments support this idea. According to "Monopolies" The author says, "The sole source of harmful monopolies is the government, which is the only agency that has the power to physically force competitors out of business"(n.d. para. 5). In this statement we can understand that some governments are driving and supporting the existence of monopoly. Nevertheless, when some governments knew what are monopolies problem they try to make some change. For example, this is what happens in Saudi Arabia in the last five years, when the government goes to privatize government companies and opening the door to a free market. In addition, monopolies are not good for the governments because they affect economic growth. For this reason the governments need to support free markets to help the local economy and then the world economy. Finally, we should clean the world from monopolies to have free market.
In conclusion, monopolies are harmful for people. As a result of this problem, Saudi Arabia and some countries go to change their situation. They go to make a big change when they try to create free market. Moreover, they go to prevent create new monopoly companies because they was find out that monopoly is harmful. We must support not to allowing the corporate monopolies in our country to have a perfect economy. There are many reasons to fight monopoly, for example, increasing the strength of trade competition, which would affect the national economy. Furthermore, the monopoly will lead to creation of new social levels, in addition to a large gap in income between populations. Monopoly is kind of evil; we have to not allow it and we should fight it.