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A perfect example of a monopoly in today's society is the Microsoft Corporation. By being the only dominant in the field, the corporation is able to place their own standards and their own selling prices in the market. This can be a negative on the consumer society. Just like anything else, there are both pros and cons to having a monopoly in an economic society.
There are certain fundamentals a corporation must have that will cause a monopoly to be created. In order to create a monopoly in an industry, one must have the control of a major resource used to create the product and one must have the technological capabilities that will allow that corporation to produce as much output as necessary...
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