Is it Ethical to Monopolize a Business Idea?

[Jasz]

Monopolizing a business idea is unethical. It's an abuse of power and unfair to the people who worked hard to come up with something innovative.  The best way to avoid monopolizing a business idea is to build a company made up of many small teams. Each team works on its own ideas, but when they're all done, you can merge them together into one product or service. While this may not be as sexy as being the first to market, it's more likely to be successful in the long run.

Monopolization is the process of establishing a monopoly in a market. While it can be argued that monopolization is not unethical as long as there are benefits to consumers, such as lower prices and better services, many people disagree.

The reason for this is that monopolization encourages companies to cut corners in order to increase profits. If a company controls all the profit and is not forced to share it with competitors, they have no incentive to provide good service or products at reasonable prices.

In addition, monopolization can lead to corruption by allowing companies like Microsoft, Apple and Facebook to make decisions concerning their product lines without having to consider the impact on competitors who might have more innovative ideas or better technologies.

 

[anil02]

If some know secret about business we can't force them to tell it to all. Invention of new thing wants hug investment and time. So if some one is not sharing it with others than they have right of it. monopolization is bad for customers but it is not bad for business and in these day business is more important so many country liberalise law to stop monopolization.

 

[Holicent]

I'm sure the owners of top digital companies like Facebook and Google will say yes, even though there is nothing good about going too extreme in whatever you do, well life is not fair, if you have the money, resources and know-how to make it work, you might be pushed to do it. Not everyone can be the next Google or Facebook. But most people can start their own business and make money.

The problem is that many people cannot afford to do this, so they end up out of luck, they end up kicking against it, personally I don't like the idea, because it effects so many, new investors and consumers. Some don't have enough money or know-how and so they remain unemployed. Others may have a good idea but lack the capital required to make it happen, which means that they will not be able to take advantage of their idea and make money from it.