Maarij Blogs

Oligopoly is market structure dominated by small number of larger firms, which are highly dependent on each other. Oligopolies may be identified using concentration ratios, which measure the proportion of total market share controlled by a given number of firms. When there is a high concentration ratio in an industry, economists tend to identify the industry as an oligopoly. Firm in an oligopoly market are highly dependent on each other. They have to see how their decision will affect other firm for example if Toyota starts to give free early checkups for their cars then demand for Toyota will raise at same time demand for Suzuki and Honda will fall. Not only the demand but also the market share will also fall. Another main advantage of oligopolist is the exploitation of economies of scale which is low average cost. There is high barrier to entry in this market for example cost barrier/infrastructure etc. oligopolies may adopt a highly competitive strategy, in which they can go ...

                                                                                      Conventional business methord: A young entrepreneur Jeff Bezos back in 1995 started Amazon. He funded it from his parent’s pocket started as an online bookstore, which was operated from his garage. He created a website by the name of amazon.com. It wasn’t even a bookstore but was a book broker. However, he couldn’t make money out of it for the next five years. He felt that his customer base is very limited in number hence he should explore new markets. Improvisations through technology: In 2005 amazon launched amazon prime; a video streaming service this helped amazon expand its consumer base and started bringing in substantial profits for the company. Today amazon prime is the ...

s The Tanzimat Reforms took place in the Ottoman Empire for a time period of 40 years; between 1830 and 1870. They were specifically Educational, Political and Economical Reforms and were undertaken with the intent to halt the decline of the Ottoman Empire through western modernization. These Reforms focused greatly on the education sector of the Ottoman Empire. Through these, the domination of the Islamic Clerics in Ottoman Education was reduced by a considerable amount. The Sulan constructed schools and universities based on western designs; they believed that the people would develop necessary skills to excel in the modern society. The Political Reforms were implemented to grant Non-Muslims of the Empire equal rights with the Muslims. The power of the Sultans was restricted and was evenly divided among the populations. Although many extremist Islamic religious leaders were against this, the Ottoman government stood firm and ensured that these Reforms succeeded. The Economics and...