APRILASIA BUSINESS OUTLOOK9MONOPOLY: THE VULNERABILITY FORMED BY DOMINATING BUSINESSESIMPRESSIONSIf there was only a single student in a class, no matter how he performed, he would be considered as the topper, in the same way if there is no competition, the individual will definitely thrive, but is it a good thing? What if the scale was larger? If there is no competition for an individual to be better, they have no incentive to try harder; a student will not work hard if they know they will top the class. If we were to take a good look at the big picture, this is truly dangerous, now if we were to apply this same principle to a business, it is devastating.Monopoly is like the Game, But Everyone Loses MoreThe term monopoly might remind you of the game Monopoly, where one player who gets everyone's money is the winner, economic monopoly is also similar, one business which sells a unique product will dominate the market and thus face no competition. On the bright side, the business will be lauded for its uniqueness for having an innovative product or service which no one can compete with, and on the other hand, they will have too much power, a common misuse of this power
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