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I studied PPE at Lady Margaret Hall college, Oxford University, and currently work as an Economics A Level teacher. I have also examined several different economic units for Edexcel AS and A2.
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Oligopoly is situation where market is controlled by few sellers. Collusion is much suitable in Oligopoly.
Nissan and Renault does not have much share in car market.
They together may not much influence car prices of whole market.
It think it is not clear oligopoly. Yes there may be benefit for both. If
these companies would have large share like 70-80 percentage or above it would be
oligopoly. In some special area where both have huge impact on market, their collusion may be called oligopoly. Honda, Sazuki, GM, Nissan, Renault and many other companies may create oligopoly. Oligopoly helps in setting price. So they may reduce side effects of compition.
If two companies like Nissan and Renault have formed an alliance, could that be named a collusion as in an oligopoly?
What happens to the supply curve for bluejeans if the price of another good you produce with the SAME resources becomes significantly higher? Why?
Consider each of the determinants individually (one at a time): if that determinant increases, how does that affect the amount of the good that you offer for sale?
Hi Israil
Banks create money in many ways. I think you already know meaning of money. Money includes paper money, bonds ,deposits etc.
Most common way of money creation is Fractional Reserve Banking. It increases money many times. For example you deposit one million dollar. You receive a certificate. Than same money is given to another person (Mr. X)as loan by bank. Now total money increased( Cash+ Bank deposits) . Mr X deposits that money in another bank. So money is increases. Actually under general monitory policy banks need to keep only very small part of deposits . Central banks also give loans to other banks.
Another way of money creation is buying financial assets such as treasury bills, bond and many others. Bank can buy govt. bonds. Central banks also print paper money .
Ok
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how do commercial banks create money
The constraints on economic growth and development when depending on only primary production by the developing countries?
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