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There are monopolies, oligopolies and something economists refer to as "perfect competition". When the IPhone 1 was first introduced in 2007, it was completely innovative and broke down the barriers of what we have now come to know as a "mobile device." Apple basically had a monopoly. It was the first to enter the market, and therefore prospered greatly (financially). Having said that, in a capitalistic society, competition is natural, and furthermore encouraged. Blackberry was actually the first to enter the smartphone market, but Steve Jobs (Apple) revolutionized the mobile phone industry; however that does not mean that the company is entitled to a monopoly.A monopoly is oligopolies and economists for something called "the perfect race" when IPhone 1, for the first time in 2007, it is a completely new innovation and broke down the barriers of what we have now come to know as "mobile phone" Apple generally has a monopoly, it is the first time that will go into the market and hence to succeed very much (financially) say in a capitalist society, competition is based on nature and is discouraged, moreover, Blackberry is actually the first time that the Smartphone market will be logged, but Steve Jobs (Apple) mobile phone industry revolution; but that does not mean that the company has the rights to monopoly.
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