Monopoly and Microsoft essay
Monopoly can be defined as the ability to control the business transactions in a given industry. Where a company enjoys all the rights in the production of goods meant for a given function then the company has monopoly rights over the production of the commodities. For example; in software market Microsoft has all the monopoly rights in the production of computer operating systems i.e. it is the only company licensed to manufacture and distribute sets of operating systems.
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This paper seeks to establish how the Microsoft Corporation’s monopoly rights were established and discussed the benefits the company is deriving form the rights. The paper also looks at the implication of the rights on its customers.
Microsoft Corporation seems to be enjoying the monopoly rights in the computer software production as it has no rival firm offering the same. This is a result of the patent rights that systems of law in the world grant to an initiator or inventor of any intellectual property. Such monopoly rights make the industry lack free entry of competitors. That is what Billy Gates was granted by inventing the first operating system. The monopoly right in this industry has seen the firm make extra ordinary profits and Billy Gates himself rise to one of the richest persons in the world. Microsoft corporation stakeholders are enjoying as they reap the fruits of their efforts but we as consumers of the products produced by the company could be suffering unknowingly.
The world appreciates the efforts made by the company to improve computer performance and application in many business operations but monopoly rights have several disadvantages on the side of the consumers. First of all, Monopoly rights over the production of any products may make the company expose consumers to high prices of its prices. Everyone who has ever bought an operating system will tell you that operating systems are highly priced. If there were several companies producing the same products then competition amongst themselves could force them to cut down their prices.
Monopoly rights limit innovations. This has to some extend been disapproved by Microsoft corporation as it has always worked tirelessly to meet the needs of its consumers. The types of operating systems and other software manufactured have been made in such a way that many consumers around the world can fulfill their different needs. For example; windows 7, an operating system launched in the year 2008 and manufactured by Microsoft Corporation has been received well in the market. Many people find the interface easy to interact and the system is strong to viruses i.e. it dies not break down easily as compared to windows XP. Supposing a single manufacturer can deliver that much to consumers, if the industry could have more companies then customers could benefit much. It is possible that more could have taken place especially in the development of more advanced systems.
Conclusion
Microsoft Corporation is hard by developing more advanced operating systems which enable computers have more applications in the business environment. However, current changes in the technology could eventually limit its monopoly rights. This is because more advanced ways of enabling functionality to lead to creation of advanced systems or devices which will be substitutes to what Microsoft corporation sales. However, the company has always worked to the benefit of the consumers though at high prices. More is expected from the company in the future.
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