It is evidently clear from the discussion that the growth of smartphone in the United Kingdom is a result of both sociological and economic pattern changes. The consequent development and growth of the HTC Corporation, which is the leading smartphone manufacturer, is an indicator of the nature of the Smartphones market in the country. HTC invents the trend in Smartphones in the country and makes millions of pounds in profit each financial year. The company produces some of the most preferred smartphones thereby creating a monopolistic market despite the liberal economic structure in the country.
HTC competes against other internationally recognized smartphone brands such as the South Korean Samsung and the American Blackberry. Despite the increasing competition through innovation and the freedom of trade, the native English company faces intense competition, which it tries to avoid through a myriad of economic mechanisms. Sociological and economic theories are a quantifiable hypothesis that provides explanations to the behavior of people, in this context the consumers. The theories, therefore, explain the factors that necessitate the migration from the use of the conventional mobile phones to the modern smartphones thereby leading to the growth of the HTC Corporation in the United Kingdom.
The economic theory of absolute advantage refers to the ability of a company to produce more products using the same resources than its competitors. This implies that the products from that specific manufacturer possible dominate the market. The excessive products that the manufacturer produces, therefore, constitute its primary profit. Such companies, therefore, make more profits than their competitors do. The HTC Corporation is an English company that manufactures its products in the country.
The company, therefore, understands the United Kingdom smartphone market unlike its major competitors most of which import labor by manufacturing their products in either China or the United States of America. HTC, therefore, manipulates the knowledge it has about the English labor market to produce its products at the most optimal rate.
Please type your essay title, choose your document type, enter your email and we send you essay samples