Admittedly, there are a number of market structures that can exist in the economy. The term ‘market structure’ refers to the way producers and consumers interact to determine price and quantity in the market. It can be described by looking at the different attributes of a market which includes the number of producers, number of consumers, the size of the market, and the growth forecasts. In general terms, a market can be categorized into two wide categories; imperfect competition and perfect competition. Imperfect market can be further subdivided into for instance, monopolies, monopsony, oligopoly, and monopolistic competition, (Hirschey, 2008). From the economic ...
Entering College Essays Samples For Students
3 samples of this type
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Women with the same education, knowledge and experience are paid far less than their male counterparts for the same position. Women have traditionally chosen careers such as school teachers, librarians, and secretaries. These are just some examples and are by no means an exhaustive list. As a result, we have seen the emergence of two labor markets. This is defined as “occupational sex segregation, one labor market for men and a completely different labor market for women. This has resulted in pay disparity between men and women. Women must be willing to obtain training in the “hard sciences” such mathematics, physics, ...
Strategy for sustainable competitive advantage
Every organization’s corporate strategies are focused at developing a sustainable competitive advantage that will allow the company to continuously maintain and improve the enterprise’s competitiveness in the industry it is in. This enables the organization to stand strong despite competition or saturation of the market over a long time. An organization’s competitive advantage is said to exist if customers perceive the firm’s product or as superiors or better than that of its competitors. There are various sources of competitive advantage in organization. These sources revolve around an organization internal environment (Dess et al, 2005).
Dyer and Singh (Oct ...