There as advantages and disadvantages of monopolies on the economy. The research focuses on the effects of monopoly on society. The research includes the benefits of having a monopoly. There are advantages of removing a monopoly. Some Monopolies are beneficial to society. Basically the research paper focuses on determining how monopolies or either beneficial or bad to the economy. However, it is very clear that monopoly directly affects many facets of the Industrial organization. Initially, the monopoly occurs when a one company, organization or individual sells the only product service to the general public. Charles Geisst (11) reiterated monopolies have a long and colorful history in the United States. They have usually been associated with industry, especially in the post-Civil War period. But their history is much older. In Elizabethan England, during the historical time period where the American colonies became independent, the terms monopoly and antimonopolist had been well understood by the people of that time period and well implemented. Yet nothing was written about monopolies in the United States Constitution, and no mention was made of them in the writings of the nation’s founding fathers. However, several states felt strongly enough about them to prohibit them in their constitutions in the months after independence. Less than a century later, they were the most discussed topic in the country. Jonas Zoninsein (11) based on available research data, Finance Capital may be regarded as the seminal work of an influential group of modern economists that distinguishes two stages in capitalist development: the stage of free competition and the stage of monopolistic capitalism. The latter is said to start in the structural changes passing through the clutches of capitalism in the late nineteenth century. This players may have generated qualitative modifications in its essential laws. A monopoly can be coercive. The coerciveness crops up when the monopolizing company prevents other competitors to enter in the same market segment. In addition, Willi Semmler (106) emphasized both the neoclassical theory of imperfect competition and the post-Marxian/ post-Keynesian theory offers the readers an empirical concept to measure monopoly power as a possible cause for profitability variances. There other types of markets. The time clock market states it is assumed that the degree of monopoly of a market segment is determined by the degree of saturation in the seller market, which is a measure of independent firms in the market segment and their capability to affect the market price of the commodities the extent of entry barriers to industries, which is a measure of the mobility of capital between industries the degree of collusion between the firms within one industry or across industries, which is a direct measure of eliminated competition and the influence of oligopolies on prices and quantities. This argument holds that the degree of concentration determines the possibility of colluding within one industry, whereas high entry barriers decrease the potential competition from outside the industry. Thus, high entry barriers are deterrent to new competition. There are beneficial monopolies. The government can give the monopoly organizations certain market segment advantages. For example, the United States government can offer