World Wide Web refers to an international collection of documents as well as other resources that are linked together by hyperlinks and the URLs (Herman and Swiss). World Wide Web has brought various business opportunities that otherwise could not have existed. The following are some of the business opportunities that have emerged as a result of the World Wide Web:
§ Developing mobile Apps – Today the demand for the custom-made as well as standardized mobile apps is on the high rise. People are willing to pay for software developers to develop mobile apps for their smartphones that can aid in managing their lives and businesses.
§ Remote technical support – Computer- savvy individuals can make a living from offering remote technical support for small businesses that cannot afford to pay services of a full time IT employees.
§ Web design – Advancements in the Web technology has created an opportunity for web designers to earn a living by designing user-friendly websites for corporate organizations.
The World Wide Web has supported the establishment and functionality of the above businesses by ensuring that there is an excellent flow of information between the company and its customers as well as enabling the exchange of data between the companies and their clients without necessarily both parties being in the same geographical location.
The World Wide Web has made it easier for individuals to start new businesses by making research and development more accessible for the prospective business developers. A lot of information that is available on the web can be used for analysis by those who want to start new businesses.
World Wide Web may encourage the creation of monopolies. Tremendous growth experienced by the online business may be a threat to competitors. Substantial economies of scale enjoyed by online companies give them a competitive advantage over their competitor which may eventually force a competitor out of the market thus creating monopolies.
Editorialist view
Monopolies should be made illegal. The theory of monopoly argues that monopolies lead to job losses by the competitors. Also, consumers are likely to be exploited through higher prices (Waldman). Moreover, monopolies create separate classes of people. Monopolists acquire a lot of wealth at the expense of other people creating a massive gap between the poor and the rich. Therefore, monopolies should be made illegal.
Works Cited
Herman, Andrew, and Thomas Swiss. The world wide web and contemporary cultural theory: magic, metaphor, power. London: Taylor"Francis, 2014.
Waldman, Steve D. Industrial organization: theory and practice. New York: Taylor " Francis, 2016.
