The dominant economic traits of this industry start with having an enormous amount of capital required for staying competitive. One is also required to spend lots of money on research and development, as the telecommunications industry seems to be the vision of the future. More and more companies like AT&T are trying very hard to combine their network services of phone line, video and data transfer, high speed internet access, and television cable via …showed first 75 words of 668 total…

…showed last 75 words of 668 total…not the most crucial. Taking the home phone industry into consideration, giants such as AT&T, Sprint and MCI has suffered a tremendous financial loss and customer base to other, much cheaper, long distance services which require you to just type in a 5 to 8 digit code prior to dialing the number. The cellular phone industry is also the same but a lot less competitive due to the very high costs associated with providing wireless services.