Comments on: How big is ChoicePoint? How big you have to be to become a monopoly? http://www.businesssoftwareuser.com/asset-management-software/how-big-is-choicepoint-how-big-you-have-to-be-to-become-a-monopoly Mon, 25 Jan 2010 13:19:59 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: HerKomisar http://www.businesssoftwareuser.com/asset-management-software/how-big-is-choicepoint-how-big-you-have-to-be-to-become-a-monopoly/comment-page-1#comment-438 HerKomisar Thu, 18 Jun 2009 11:44:59 +0000 #comment-438 Its obvious that they own most of the companies in the Data mining bussiness. Now All insurance companies consult Choicepoint C.L.U.E. report before they aprove you for home or even car insurance. They know things about anyone like how many accidents you have, if you were at fault, and how many traffic tickets you have. Thats the new way for this companies to detrmine how much are they going to charge you for insurance. All you need to have is a couple of mistakes and boom you get stock with higher rates, awesome bussiness dont you think?. They have one of the biggest databases in the nation that now even FBI uses them or buy their information instead of doing their own investigations. How comfortable Aint it? There is no doubt that Choice point is one poses one of the most dangerous databases in america. And there is no way to put controls to their marketing of a citizen own and personal information. A monopoly ! we can agree they are the biggest in the market right now.<br><b>References : </b><br> Its obvious that they own most of the companies in the Data mining bussiness. Now All insurance companies consult Choicepoint C.L.U.E. report before they aprove you for home or even car insurance. They know things about anyone like how many accidents you have, if you were at fault, and how many traffic tickets you have. Thats the new way for this companies to detrmine how much are they going to charge you for insurance. All you need to have is a couple of mistakes and boom you get stock with higher rates, awesome bussiness dont you think?. They have one of the biggest databases in the nation that now even FBI uses them or buy their information instead of doing their own investigations. How comfortable Aint it? There is no doubt that Choice point is one poses one of the most dangerous databases in america. And there is no way to put controls to their marketing of a citizen own and personal information. A monopoly ! we can agree they are the biggest in the market right now.
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]]> By: MBK http://www.businesssoftwareuser.com/asset-management-software/how-big-is-choicepoint-how-big-you-have-to-be-to-become-a-monopoly/comment-page-1#comment-437 MBK Thu, 18 Jun 2009 11:06:59 +0000 #comment-437 You don't have to be big to have a monopoly, you just need to have a large share of the market in whatever niche you are operating in. If someone invents a new gadget, and creates a company to sell it, and patents it, they have a monopoly on that gadget even if they have only sold five of them. For UK official info, see www.mmc.gov.uk For the US, START HERE: www.investorwords.com/1919/Federal_Trade_Commission<br><b>References : </b><br> You don't have to be big to have a monopoly, you just need to have a large share of the market in whatever niche you are operating in. If someone invents a new gadget, and creates a company to sell it, and patents it, they have a monopoly on that gadget even if they have only sold five of them.

For UK official info, see http://www.mmc.gov.uk
For the US, START HERE: http://www.investorwords.com/1919/Federal_Trade_Commission
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]]> By: Paul V http://www.businesssoftwareuser.com/asset-management-software/how-big-is-choicepoint-how-big-you-have-to-be-to-become-a-monopoly/comment-page-1#comment-436 Paul V Thu, 18 Jun 2009 10:49:59 +0000 #comment-436 It's impossible to have a monoply now because if you own all the companys in a particular feild you can raise the prices as high as you want,so the government outlawed it.<br><b>References : </b><br> It's impossible to have a monoply now because if you own all the companys in a particular feild you can raise the prices as high as you want,so the government outlawed it.
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