Google relates to economics
concept
Monopoly: -google comes under monopoly market,
as it is unique in nature in the market. No competitors to google as it unique compare to others.
Economies of scope: -google is providing different services like Gmail, hangouts,
drive, play store, etc. instead of providing one service, it results in
decrease of average cost of production.
As economies of scope says that producing different products on their own with cost effective.
People respond to incentives: -people respond for incentives google
comes under this concept because, in recent times google launched Tez, which
formerly called as google pay, in this they are providing incentives by giving
scratch cards which may help you to win up to rs 1000.
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