Given the operation in $\mathbb{R}^2 $:
$$ (x_1,y_1) + (x_2,y_2) = (x_1x_2,y_1y_2) $$
I would like to find whether this is a vector space in $\mathbb{R}$. Looking at the Additive Zero Axiom, we get:
$$ (x_1,y_1) + \boldsymbol{0} = (x_1(0),y_1(0)) = \boldsymbol{0}$$
To satisfy the Additive Zero Axiom, $(x_1,y_1) + \boldsymbol{0} = (x_1,y_1)$ must be true. For this to be true, $\boldsymbol{0}$ would have to be $(1,1)$
Is this possible, or would we be able to say this is not a vector space?
The additive identity is indeed $(1,1)$.
Let's check for inverse of $(0,0)$.
For any $x, y \in \mathbb{R}$,
$$(0, 0) + (x, y)= (0,0) \ne (1,1).$$ Hence it can't be a vector space.