In: Economics
Write an economic analysis on the company Australia post and how it is considered to be a Monopoly in its market using relevant information from sources such as reports from governments, International agencies, a research organisation, journal articles, business reports and/or news articles.
Australia post is known as "THE AUSTRALIA POSTAL CORPORATION".It is the government-owned corporation that provides postal services in Australia.it operates in three core markets :-(a)letters and associated services (2)retail merchandise (3)international markets. Australia post collects, process and distributes letters for the entire Australia community. It is founded in 25 April 1809. its revenue was A$6.8 billion in 2017 and its operating income was A$ 400 million in 2016 and its net income A$ 36 million in 2016.
according to the 2015-2016 Annual report :
(1): handed 4.03 billion mail.
(2): generated revenue of $6.562.
(3): earn a profit of $41.0 million.
(4): overs 50000 employees.
by this annual report, we can analyze the economy of Australia post. Australia post 's direct economic contribution in 2017 was $3.1 billion in value added. Australia post continues to make an important economic contribution across Australia.