Monopoly Examples | Top 8 Real Life Examples - YouTube

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given below welcome everyone and today we have a macroeconomic microeconomics

topic that is a monopoly now what is monopoly is what we are going to learn

here at the first end you need to understand figure there are some of the

examples but before going forward I'm going to give you a short synopsis of

what we are going to do in this particular topic we are going to see

some of the examples of monopoly post facto and those really some of the big

examples it will be concluding based on those examples how monopolies runs in

the market now the monopoly examples provides various types of monopolistic

business the examples are both they are few theoretical in nature they are

theoretical and they are practical in nature that is there are companies which

are monopolistic in the field of trading since there are lot of Monopoly examples

not all the variations and the types are explained but the outline of all the

type of remains are same that is the form of the company is the sole seller

okay of the product with no competition or substitutes well let's begin with the

first one we will be doing will be considering the top 8th monopoly in

the real life we will start with the first one in in terms of railways now

the public services like railways are provided by government right hence they

are monopolistic in the sense that that new partners or private companies are

not allowed to run railways however the price of the ticket is reasonable so

that public transport can be used by the majority of the people

second the luxottica okay luxottica is basically a company which owns all the

major brands of sunglasses okay the company has bought almost all

the major eyewear brands however they are still named or differently and this

creates an illusion in the mind of the customer that they have variety of

sunglasses to choose from although they are all manufactured by one company so

luxottica produces more than 80% of the eyewear world wide third is

Microsoft now Microsoft is the computer and software manufacturing company

it holds around 75% market share

and it's market leader and virtual monopolist in the tech space ok foot is

AB InBev – A now AB InBev – A company formed by the merger of an who's your bush and

in bale distributor over 200 types of beer including Budweiser Corona bags and

so on and so forth so while these beers names are different and have different

composition to give a different taste however they belong to a single company

so when people consume different beers they are paying a single company in the

sense fifth is Google everyone knows Google now Google has become the

household name whenever we don't have any answer probably googling is the

answer to everything even YouTube is a part of Google so the biggest web

searcher which their secret algorithm controls more than 70% of the market

share so the company has grown into web of the services interlinked with each

other like Maps Gmail search engine YouTube the company has left it its

competitor Yahoo and Microsoft Beyond with it innovation and technological

advancement six is the patents patents provides a legal monopoly to

accompany Albert for a short period of time during the during the time the

patent is enforced no other company can use it invention for their own purpose a

casino like Genting Highlands Malaysia held an exclusive patent for legalized

casinos and it enjoyed the legal monopoly for yours in Malaysia then

there is 7 that is 80 &T everyone is of the heard that in 1982 closely around

that 1890 a telecom a telecom firm which was a sole supplier of the telecom

telephone services across the old US and it was found to be violating the NT

trust laws due to the monopolistic activities for service as essential

telecommunication the company was forced to split into 6 subsidiaries okay

which was called as the baby bells let's go with the 8th one as Facebook but the

social media is a new market in the current century while the users are

offered free services companies earn from advertising revenue Facebook with

its huge chunk of market share almost has a monopoly in this business the

companies ahead of all its competitors like Google+ Twitter and so on and so

forth and I've seen both organic growth and number of users in social media

advertising and acquisition of other companies like whatsapp oculus rifts and

so on and so forth so the company is such big that recently discharged with

affecting the user sentiment on the way the elections are fought and inclines

them towards a single person or party so after learning all the 8th of them I

hope you have got a fantastic idea that what Monopoly plays a role in the market

so on a final loan while monopolies are common in the capitalist economy however

government's keep a check that they do not take advantage of this and they

charge the customer high for the goods and services proper laws

are made to check the monopolistic prices the company and the comments are

made the antitrust laws to protect the consumer from the predatory behavior of

monopolistic cum I hope you have got a fantastic idea regarding this particular

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