Thus, the market structure can be defined as, the number of firms producing the identical goods and services in the market and whose structure is determined on the basis of the competition prevailing in that market. The term “ market” refers to a place where sellers and buyers meet and fa...
Synonyms of marketplace 1 a : an open square or place in a town where markets or public sales are held b : market the marketplace is the interpreter of supply and demand 2 : the world of trade or economic activity : the everyday world 3 : a sphere in which intangible values ...
A well-defined corporate structure is of utmost importance to any organization. The structure for a company is like the pillars of a building and has to be strong to pave the way for successful operations. Also, it is pivotal to mention the roles, responsibilities, and duties of every unit ...
7 Pairs of Commonly Confused Words What's the difference between 'fascism' and 'socialism'? More Commonly Misspelled Words Words You Always Have to Look Up Your vs. You're: How to Use Them Correctly Popular in Wordplay See All More Words with Remarkable Origins ...
On their own, the whipsaw swings of the past week-and-a-half say more about the psychology and structure of modern markets than they do about any fundamental shift in the economic or financial outlook. But the moves did not happen in a vacuum. For some market veterans, the real aberration...
price a product. Overpricing will dent its sale and drive its products out of the market. Therefore, the company will lose its business to its competitors. Under-pricing may increase sales for a while, but eventually, it will eat away the profits. Hence it will lead to the erosion of ...
In the words of Robert Y. Awh, “Oligopolyis that market structure in which a few sellers who clearly recognize their mutual interdependence produce the bulk of the market output”. Oligopolydiffers from other market categories in that, under monopoly we have only one seller, under perfect compe...
Market Economy Regulation Laws and administrative rules that are designed to control or influence the behavior and structure of the market economy. Example: “The government introduced new market economy regulations to curb monopolistic practices.” ...
assets while sellers aim to dispose of them; each participant brings his/her own motives, preferences and resources into play when entering and leaving markets; furthermore market intermediaries, like brokers and dealers provide liquidity between buyers and sellers that foster smooth market functioning...
An oligopoly is a type ofmarketstructure in which a small number of firms control the market. Where oligopolies exists, producers can indirectly or directly restrict output or prices to achieve higher returns. A key characteristic of an oligopoly is that no one firm can keep the others from ha...