scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 858
In a capitalist economy there are both wanted and unwanted monopolies However in a capitalist economy certain monopolies are needed Monopolies have a big impact on the economy and the consumers because of the amount of control that the monopolies have on the economy There are certain times when it is best to have monopolies then others it really depends on the status of the economy There is no doubt that monopolies do indeed play a critical role in a capitalist economy but sometimes there are negative effects It is indeed true to say that not all monopolies are unwanted in a capitalist society An example of a monopoly that is not unwanted is that of a public utility like SDGE San Diego Gas Electric These produce goods and services that are vital to the publics well being as far as functioning goes Public utilities are an example of a pure or natural monopoly A pure or natural monopoly is a single firm in an industry This is the most effective way to provide very important goods and services An example of a public utility monopoly that affects our everyday life is that of SDGE They are the only power company in San Diego County and thus they have a monopoly on San Diego This however is the kind of monopoly that the government likes to keep running and in operation because they know that we cannot do without for very long If SDGE decided to go out of business there would be no power supplier for all of San Diego County In addition because of the fact that SDGE is the only gas and electric provider they can name almost any price and we have no choice but to comply with their demands unless they can find a dependable alternative like solar power The impact of monopolies is felt very heavily on the consumer The biggest effect of a monopoly in
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA