Document Details

Markets Essay

User Description:
Essay discussing the different structures within a market economy - High A level response

Thinkswap Satisfaction Guarantee

Each document purchased on Thinkswap is covered by our Satisfaction Guarantee policy. If you are not satisfied with the quality of any document, or you believe the document was incorrectly described or categorised, Thinkswap will provide a full refund of exchange credits so you can check out another document. For more information please click here.

This student studied:
Claim a Thinkswap Bounty

Do you know if the Subject listed above has changed recently? Click report to earn free Exchange Credits!

Document Information:
2 Pages Essays / Projects < 1 Year old
Share

3 Ex Credits


Document Screenshots:
Markets Essay
Topics this document covers:
Market structure Imperfect competition Microeconomics Market economics) Economy Monopolistic competition Oligopoly Monopoly Market Competition Perfect competition Barriers to entry
This is an Essay / Project

Essays / Projects are typically greater than 5 pages in length and are assessments that have been previously submitted by a student for academic grading.

What are Exchange Credits:

Exchange Credits represent the worth of each document on Thinkswap. In exchange for uploading documents you will receive credits. These can then be used to checkout other documents on Thinkswap.

Topics this document covers:
Market structure Imperfect competition Microeconomics Market economics) Economy Monopolistic competition Oligopoly Monopoly Market Competition Perfect competition Barriers to entry
Sample Text:
At one extreme is perfect competition, where there are many producers and consumers. On the other extreme is a monopoly, or imperfect competition. This is where there is only one producer and many consumers. Between imperfect competition and perfect competition there are 2 other market structures, oligopoly and monopolistic competition respectively. Each market structure suit different types of economies. Monopoly refers to a market structure with one business holding complete control over the market. This means there is no competition and they are able to create their own price and produce an amount of goods which best suits the business, regardless of what consumer’s desire. For example, Luxottica is involved in the production of over 80% of the world’s major eyewear brands, meaning they have almost complete control over the market of glasses. This type of market structu...
Similar Documents to Markets Essay

13. Monopolistic Competition

This student studied:
HSC - Year 11 - Economics

A complete study note of Taylor College USFP. Unit 13 Monopolistic Competition. Year 2011

1 Ex Credit

View Details

Microeconomic Policies and Environmental Management - HSC Economics

This student studied:
HSC - Year 12 - Economics

Thorough, complete notes on microeconomics and environmental management. Provides all the knowledge one would need to tackle any short answer or essay question.

1 Ex Credit

View Details

Demand and Market Equilibrium Notes

This student studied:
HSC - Year 11 - Economics

These are good detailed yet concise notes one can draw from very helpful top of the class half yearly

1 Ex Credit

View Details

Economics Unit 3 Notes

This student studied:
VCE - Year 12 - Economics

Complete and comprehensive notes for VCE Unit 3 Economics totalling over 30 Pages.

5 Ex Credits

View Details