Economy - Market structure & Macroeconomy - Essay Example
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Mombasa has endured rule of many different nations, from the Portuguese in the 12th century to the British more recently, until gaining its independence in 1963. The completion of a railway from Mombasa to Uganda in 1901 serves as the link between the port and the rest of Kenya, as well as surrounding East African countries. While Mombasa is an important shipping port for imports and exports along the East African coast, it is also a popular tourist area, with many hotels to the North and South of the 15 square km island. The population of Mombasa is roughly 900,000. Over one fourth of all workers in Kenya are employed in Mombasa working in the port itself, in manufacturing, and in tourism. Tourism, and particularly that of visiting naval ships, is an important aspect of the economy, accounting for nearly 40% of Mombassa’s revenues. Among its many exports are coffee, flowers, vegetables, textiles and livestock. Problems that the port has encountered since the early 1990s include a declining economy that is said to be the result of price controls, import licensing and foreign exchange controls. Like Nairobi, the largest city in Kenya, the city of Mombassa has experienced an increase in population, though on a much smaller scale. This is a continuing problem across Eastern Africa, and solutions for “secondary cities” (Otiso, 2005, p.117) in which occupants can live and work to sustain themselves is elusive.
The port of Mombasa lies within the oldest major city in Kenya. What once served as a gateway for traders from Saudi, Arabia, India and Asia has become not only the largest East African port, but also a blend of culture, history and industry. …
These describe the main aspects of markets such as the products sold, the number of firms, and ease of entry and exit. The different market structures include: perfect competition, monopoly, monopolistic competition, and oligopoly. A perfectly competitive market is characterized by various features which in most cases are not found in a real world but are used as benchmarks for other markets.
The article is specifically about the Apple Inc- one of the leading consumer electronics companies in the world producing MP3 Players, tablet computers, desktops and other computers and consumer electronics goods. Though the strategy of the Apple has been discussed as the one which is based upon platform strategy however, the article focuses on how this industry or market works and who are the key players, how external events are affecting the firms and how prices are set up.
This however, does not mean that every product they introduce will increase the expected profits. Spangles were one candy type that unfortunately was taken off the shelf for underperformance. Marketing and bringing it back as a profitable product line will be accomplished through identifying different market segments, developing a set of marketing objectives, and proposing a marketing plan for the products revival.
An excludable good is a good whereby a person can be prevented from using it (Mankiw 2004). Private goods are both excludable and rival while public goods are non-excludable and non-rival. Common resources are goods that are non-excludable but are rival goods.
Arguably, there are varied market structures in every market and their characteristics in presenting quantity and imposing prices upon the units affect consumption patterns and the buyer and seller relationships. For example, perfect market competition, oligopoly, monopoly, and monopolistic competition vary broadly in terms of the market outcomes under the practices of the coinciding factors of demand and supply (Martin, 2012).
Efficient structure theory argues of efficiency in any institution. It assumes that the lrveragr affects cost in any institution thereby negatively or positively affecting performance in the organization. A competitive banking institution has better allocation of resources, its products and services are low in terms of pricing and it therefore makes more profits.
However, PeopleSoft producers the specialized software programs for managing human resources while Oracle has a different specialization. So why would Oracle need this merge
As Ellison has noted, Oracle will continue supporting and improving PeopleSoft products if acquisition takes place.
Economics helps people to understand the politics and business aspects among others. At the same time, it also helps to understand the needs and demands and along with that it helps to choose the best allocation of the resources from various
To determine the major characteristics of Market Structure, economists have focused on the factors like nature of competition prevailing in the market & the mode of pricing. The system is greatly influenced
Market Structure is an imperial study in Micro economics that may be defined as a collection of interdependent factors which determine the level of interaction between buyers and sellers prevailing in the market and adjust price and output level according to the interrelationship between them. In particular, market structure demonstrates the number of firms producing identical and homogeneous goods and services
14 pages (3500 words)Essay
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