A process of competition that drives some existing firms out of the market.
An overview of the term bid, including its definition and relevance in economics, particularly in relation to hostile and takeover bids.
An exploration of brand loyalty, its economic implications, and its impact on consumer behavior and market dynamics.
A comprehensive analysis of the term 'abuse of dominant position' within economics, mainly concerning anti-competitive business practices by market-dominant firms.
A model used to illustrate the fluctuations in the economy due to time lags in response between supply and price changes.
An in-depth look at the concept of cut-throat competition in economics, its implications, and how it is analyzed in various economic theories.
A graph relating demand for a good or service to its price, with key influences held constant.
A situation in which planned economic actions cannot be carried out due to inconsistencies between ex ante plans.
Equilibrium price refers to the price at which the quantity of a good supplied is equal to the quantity demanded.
Understanding the term 'exit' in economics, particularly in the context of firm dynamics within an industry.
Exploring the concept and implications of fair trade economics, its historical context, associated frameworks, and its comparative impact.
Defines flexible prices and explores their role in economic markets.
The absence of obstacles to leaving a market, ensuring that no firm will persist in a market where it isn't earning at least normal profit.
An outline explaining the term 'incumbent firm' and its implications in economics, particularly within the context of market dynamics and competitive advantages.
An in-depth look at the kinked demand curve, detailing its implications for pricing strategy and market behavior.
An economic strategy where pricing is set very low to eliminate competition or deter market entry.
The extent and frequency of price fluctuations over time, quantified as the standard deviation of log returns.
Charging low prices to harm competitors’ profits in a competitive market scenario.
Pricing refers to the method organizations use to set the prices for their products or services. Detailed frameworks include average cost pricing, cost-plus pricing, full cost pricing, limit pricing, marginal cost pricing, peak-load pricing, and transfer pricing.
The quantity of a good supplied at a given price, tracing out the supply curve as prices change.
Explore the concept of refusal to supply, wherein producers decline to sell their goods to certain applicants, impacting competition and distribution strategies.
Definition and meaning of the term 'reservation price' in economics
Understanding Shortages in Economics: Causes, Implications, and Management
An economic cycle characterized by the rapid escalation of asset prices followed by a contraction.
Understanding sticky prices, their causes, and implications in various economic frameworks.
