If the company becomes massive, they develop the power to influence market price, run competition out of business or not allow competitors to emerge altogether.
Defining a Monopoly
Many countries around the world have legislation to prevent companies from going down this road. Luxottica also controls the leading vision-care providers in the United States, such as Eye Med and Vision Care, which produce over , frames per day. Whether you were shopping for a new pair of shades at Sears, Target, Pearle Vision, The Sunglass Hut or Prada, you were actually buying from the same company, with only the illusion of having a choice.
With over 50 million subscribers, Netflix is quickly becoming an Internet superpower.
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The biggest challenge Netflix is facing is to remain an independent company. The Internet has been a huge leak of capital for movie studios, and they could eliminate some piracy by streaming their movies directly through Netflix.
Unilever is a true behemoth when it comes to everyday consumer needs. They make everything from food to home care products. Chances are that every time you go grocery shopping you buy at least one item made by Unilever. The only differences between their products is not quality or ingredients, but rather the name, packaging and, of course, the price.
The Threat Of Monopoly
You might be wearing a product made by YKK at this exact moment. YKK produces over seven billion each year. Monsanto-Bayer continues to expand its presence in crop cultivation and agriculture, which recent data proves. Philip Howard of Michigan State University published his first version of his notable seed industry consolidation chart in , detailing that six corporations dominated most of the brand-name seed market and were beginning to form new partnerships with competitors that threatened to reduce competition.
Howard began gathering data on seed industry ownership in , which was the year when the agribusiness mega-corporations increased their hegemony by purchasing smaller firms to compile more intellectual property rights. China to add its second company. Despite the fact that Bayer sold some of its seed divisions to BASF in preparation of merging with Monsanto, the control of the market by mega-corporations has only been augmented. Although it is argued by some that increased monopolization of industries produces more jobs and boosts innovation, this is not the case.
In December , Bayer stated that it would cut 12, jobs, which makes up approximately 10 percent of its global workforce. Seed industry corporations have a history of providing less choices and higher prices for farmers in part through the implementation of overtly protecting their IP rights, which results in less innovation and increased restrictions on how seeds are utilized and exchanged, such as seed saving and research purposes.
These restrictions make a significant amount of plant genetics inaccessible to public researchers, farmers and independent breeders, which also limits seed diversity in the market.
According to data from the US Department of Agriculture, near-monopolization of industries results in less innovation due to a limited amount of companies. An instance of this is a US Department of Agriculture study published in February image on next page , which demonstrates that private research intensity on GE varieties of corn, cotton and soybeans dropped or were reduced in the late s.
This coincided with the time period when agribusiness giants merged with smaller firms to increase their intellectual property rights. Ultimately, the merging of Monsanto-Bayer has resulted in the rise of one of the four largest global mega-mergers of the decade and the formation of a near-monopoly in the agricultural industry.http://checkout.midtrans.com/caburniga-expat-dating.php
This was developed through the subordination of small farms, elimination of market competition, patenting of GMO kernels, and the filing of lawsuits against farmers who unknowingly used GMO seeds. Furthermore, the Principles of Analytic Design were employed to make this case, seeing that the text and visual displays made comparisons among mega- corporations and their hegemony and related seed data; causality was employed because the motives as to why and how Monsanto-Bayer rose to power was explained and analyzed; multivariate analysis was displayed since several variables were incorporated in determining how Monsanto-Bayer incremented its power; evidence was integrated and documentation was consistent; the content was of quality and relied on credible sources and primary documents and statistics.
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