Monopolistic Competition Monopolistic Competition is a market structure which combines elements of monopoly and competitive markets. Essentially a monopolistic competitive market is one with freedom of entry and exit‚ but firms are able to differentiate their products. Therefore‚ they have an inelastic demand curve and so they can set prices. However‚ because there is freedom of entry‚ supernormal profits will encourage more firms to enter the market leading to normal profits in the long term
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MONETARY POLICY OF BANGLADESH AND ITS IMPACT ON ECONOMY Monetary policy is concerned with the measures taken to control the supply of money‚ the cost and availability of credit. Further‚ it also deals with the distribution of credit between the uses and the users‚ the lending and borrowing rates of the banks. In a developing country like ours the monetary policy has been effectively used as a tool for overcoming depression and inflation. As Prof R. Prebisch writes “The time has come to formulate
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powers of the CCI | 12 | 6. | Leading case laws | 20 | 7. | Bibliography | 23 | INTRODUCTION Competition Commission of India is a body of the Government of India responsible for enforcing The Competition Act‚ 2002 throughout India and to prevent activities that have an adverse effect on competition in India. The objectives of the Act are sought to be achieved through the Competition Commission of India (CCI)‚ which has been established by the Central Government with effect from 14 October
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RSP: Competition Essay Competition has played a huge role in history. You can say that it derived from human instinct as we compete to survive. Competition‚ by itself‚ has given history its wars‚ invasions‚ falls‚ etc. In other words‚ competition is the catalyst of history. In my perspective‚ competition can be derived from wealth‚ religion‚ and innovations. These three words alone are the reasons many empires thrived in history. They may be simple‚ but sometimes simplicity can be the ultimate sophistication
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PERFECT COMPETION Competition in the market can be either perfect or imperfect. The classical economists assumed the existence of perfect competition‚ and all their analysis is based on this assumption. It has been pointed out that the real world is full of imperfect competition. Perfect competition or Competitive market is a market with many buyers and sellers trading identical products so that each buyer and seller is a price taker. Competitive market is characterized with: 1. There are large
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regulatory framework that financial advisers must consider‚ and by which they must abide There are a number of regulators in which financial advisers must consider and abide to ensure that clients and their assets are protected‚ and can confidently depend on a financial adviser in planning their retirement. The core of the regulatory environment within which financial advisers must consider is the Corporations Act along with the Financial Services Reform Act‚ and the Financial Planning Association’s
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IJRESS Volume 1‚ Issue 1(October‚ 2011) (ISSN 2249-7382) A STUDY OF TRAINING IN INSURANCE AND THEIR IMPACT ON EMPLOYEES PRODUCTIVITY Dr. Shefali Verma* Rita Goyal** ABSTRACT The training and development function plays a further enhanced role and holds more importance‚ as it deals with knowledge of workers .Employees are entrusted different roles and responsibilities in the LIC. Training enables them to carry out these roles and responsibilities efficiently and also learn new things‚ which will
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The market system is the mechanism for allocating scarce resources and thereby encouraging a positive investment climate. The problem of scarcity is common in all economic structures. The economic system of a particular country is the way in which its people‚ businesses and government make choices. Demand is the amount of a product consumers are willing and able to purchase at any given time. However‚ supply is the amount of a product that is available at any given time. The following diagram shows
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Administrative Law and Regulatory Agencies Legal Environment of Business (DEA) Drug Enforcement Agency The administrative agency we decided on was the Drug Enforcement Agency (DEA). It was created by President Richard Nixon in 1973 through an Executive Order to establish unified command to combat. It was formed to regulate and put a stop to drug trafficking. It has nearly 5‚000 Special Agents and a budget of $2.02 billion per year. Also‚ a few more reasons on why it is formed: Manage
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concept of exchange rate mechanism may be explained as the technique employed by the governments in order to manage and control their respective currencies in the context of the other major currencies of the world. There are 5 exchange rate mechanisms established which each of it is meant to be followed by government regarding to the management and determination of exchange rate in regards of the foreign exchange market and foreign currencies. These 5 exchange rate mechanisms consist of namely free
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