the UK or the world economy
Choose a current ‘situation’ in the UK or the world economy e.g. the food retailing industry, the market for compact discs, etc. and describe and evaluate the economic environment in that ‘situation’ and bring it up to date. The central issues t
Instructions:
This is the customer’s final year. Please make sure to send the customer all articles, case studies and data sources you used.
In addition, the essay must cover in depth two of the issues discussed in the module as listed below. The essay must show a familiarity with the materials and readings used in the module, as indicated by careful citation.
I think the most easiest option would be the supermarket industry.
1. What problems are confronted in delineating the boundaries of the market or industry for this particular sector? How do your judgements about this delineation affect your evaluation of competitiveness in this sector?
2. Price discrimination can appear to be, on the one hand, a form of competitive behaviour and, on the other, an indication of the presence of a monopolistic environment. If price discrimination is present in your sector (evidence?), is it an indication of active competition or of a monopolistic environment? –
3. In addition to market concentration, a range of other structural factors in a sector (e.g. its technological dynamism) can have a crucial effect on the competitive state of that sector. Outline these aspects for the sector under consideration and show how they influence the competitive conditions there.
4. Differentiate between the advantages accruing to large firms and/or barriers to entry which are ‘natural’ and ‘inherent’ in the context of your sector, and those which have been created by large firms in order to cultivate a competitive advantage