The Internet Market In Kuwait Essay Research

The Internet Market In Kuwait Essay, Research Paper

Many competitory markets have been appeared in Middle East recently, and specially in Kuwait. The One which I will discourse is the Internet competitory market in Kuwait. Internet has been a great demand in all over the universe. In 1992, The ministry of communicating in Kuwait provided the internet service. Since there was no community attractive force toward the cyberspace, the monetary value of the provided service was reasonably high. Since this company was the lone 1 produced a certain market & # 8217 ; s merchandise, they had inflated the monetary value to the absolute highest cost that people would still pay. Because of that, there was an absolute demand for competition. Competition lowers the monetary value because of the competition for costumiers. Furthermore, the provided service by the lone company didn & # 8217 ; t have the quality that worth its monetary value, like the lines were ever busy or even if you get connected to the web the connexion velocity wouldn & # 8217 ; t be higher than 2400 bits per second. Companies were seldom believing of fall ining this market, because the figure of peop

le demanding this service was unstable, and depending just on the high educated class or the university. Over the last 6 years, the demand of the internet has greatly increased, and many competitive companies showed up to satisfy the consumer’s demand. Many companies started to break the monopolization of this market, and the price has been dropped incredibly. Thus, the demand of this market started to raise up again. This competition among companies also raises the quality of the products because if a company put little technology and capital into their output, consumers would not buy from them, rather they would buy from the competition. In my own opinion, the companies would receive better advantages if they made a special discount for students. That because most of the people using the internet in that country are students. In my conclusion, I would like to mention these words written by a student from this class, “A market without competition would reduce customers’ utility because although prices may be lower, they won’t be receiving the best quality goods.”