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“The information economy has resulted in a reduction in the barriers to entry, more competitive markets and less need for government intervention” Discuss. The Information Economy, Primarily Information Technology and the Telecommunications have seen a dichotomous effect in relation to barriers to entry and government intervention. In relation to specifically these two industries in Australia and abroad, the Information Technology sector is to some degree an Oligopolist market. However foremost to many, Microsoft Corporation has …

…telecommunications industry has seen for a reduction in prices and new market share for many new firms. In this industry there is less need for government intervention because if Telstra wish to remain competitive, in the long run it will be forced to lower prices. However in the Information Technology sector, primarily concerning with Microsoft Corporation, it is evident that there is further need for Government intervention as exemplified by the current lawsuit. Bibliography dfggggggggggggggggggfhg