Essay from the year 2018 in the subject Business economics — Investment and Finance, grade: 1.5, , language: English, abstract: Uber has disrupted the Australian Taxi industry by dominating the market because it is easy to access and it is also cheap compared to other transport services such as the taxis. This ride sharing business is well funded by the entrants hence challenging the taxi industry. The taxi drivers are concerned that Uber are not regulated (not bound by the same taxi regulatory structures) implying that they are able to compete in uneven playing field thus getting a competitive advantage over the taxi drivers. The taxi drivers argue that Uber drivers escape the regulatory costs hence making them illegal or unfair in the taxi industry. As a result, this ride sharing business is disrupting the taxi industry according to most of the incumbents in these industries.
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