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Minimising the Monopoly Among Construction Players in Klang Valley, Malaysia
Author(s) -
Mashanim Mahazir,
Arief Nashrin Kamarudzaman
Publication year - 2020
Publication title -
journal of engineering and technological advances
Language(s) - English
Resource type - Journals
eISSN - 2811-4280
pISSN - 2550-1437
DOI - 10.35934/segi.v5i2.19
Subject(s) - monopoly , transparency (behavior) , order (exchange) , business , industrial organization , economics , market economy , finance , law , political science
The rising innovations of technologies, some companies have developed greed towards owning as many projects as possible. Those involved think that they are the only ones who should be handling complex works as they are the only ones who have the right equipment to do the right job. This act of greed in the business world is known as ‘monopoly’. Twenty three (23) papers were referred through extensive literature review in order to know types of monopolies, factors causing the monopoly and proposed solution to minimize monopoly among conatruction players. As a result, contractor became the most contributor to monopoly due to croinism. In order to minimize the monopoly, one should enhance the competitive advantage, embrace the sustainable development and transparency in decision making.

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