Economics

Lecture on Oligopoly

Lecture on Oligopoly

An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Because there are few sellers, each oligopolist is likely to be aware of the actions of the others. The decisions of one firm influence, and are influenced by, the decisions of ot.....

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Lecture on Monopoly

Lecture on Monopoly

A monopoly is distinguished from a monopsony, in which there is only one buyer of a product or service ; a monopoly may also have monopsony control of a sector of a market. Likewise, a monopoly should be distinguished from a cartel (a form of oligopoly), in which several providers act together t.....

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Lecture on Firms in Competitive Market

Lecture on Firms in Competitive Market

A competitive market has many buyers and sellers trading identical products so that each buyer and seller is a price taker. In a perfectly competitive market, it is assumed that there are many suppliers who have no influence over market supply conditions. => Perfect competition is the only ma.....

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Lecture on Elasticity and its Applications

Lecture on Elasticity and its Applications

Price elasticity of demand is a measure of how much the quantity demanded of a good responds to a change in the price of that good. An elastic variable is one which responds disproportionately to changes in other variables. Similarly, an inelastic variable is one which changes less than proportio.....

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Lecture on the Costs of Production

Lecture on the Costs of Production

Costs of Production are  Firms  willing to produce and sell a greater quantity of a good when the price of the good is high. This results in a supply curve that slopes upward.  

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The effect of recession on economy of Bangladesh

The effect of recession on economy of Bangladesh

This term paper is made on The effect of recession on economy of Bangladesh. Bangladesh may face slowing economic growth in fiscal 2008-09, hurt by a slowdown in the export-based industry and a decline in remittance as the financial crisis is panning out across the world, Asian Development Bank s.....

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