Posts published in “THE MARKET”

Every economy, from the global marketplace to your local coffee shop, thrives on a foundation of four key pillars: earning, spending, saving, and investing.

This article is about an oligopoly. It describes the characteristics of an oligopoly market and explains why most markets are oligopolistic.

This article is about a monopoly. It describes characteristics of a monopoly market and explains how the equilibrium model evolves in monopolistic conditions.

This article is about perfect competition. It describes characteristics of a perfectly competitive market and gives assumptions about perfect competition.

Let’s take a look at the types of competition in three different types of markets: perfectly competitive, oligopolistic and monopolistic.

Here are situations where the market system can fail from provision of demerit goods and merit goods. Government interventions might be necessary.

This article identifies situations where the market system can fail causing market failure: prices too high, when prices too low, fluctuations in price.

This article describes interrelationship between markets. It defines joint demand, competitive demand, derived demand and joint supply.

This post is about costs and benefits – both private costs and social costs, and private benefits and social benefits. It also defines the term externalities.

This article is about the definition of Aggregate Supply (AS), the Aggregate Supply (AS) curve and shifts in the Aggregate Supply (AS) curve.

This article is about the definition of Aggregate Demand (AD), the Aggregate Demand (AD) curve and shifts in the Aggregate Demand (AD) curve.

This article is about supply. It shows The Supply Curve and helps to understand that a rise in price will lead to a rise in supply.

This article defines a market and demand. It shows The Demand Curve and explains the relationship between price and demand by showing changes in demand.

Market failure is when markets fail to achieve the most efficient allocation of scarce resources to meet the market demand.

While some markets have lower level of competition, some other markets have higher level of competition. Why markets become more competitive?