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The first stage of predatory pricing (predation) involves the dominant firm offering goods and services at below-cost rate which, in turn, leads to a reduction in the firm's immediate short-term profits. This drop in price forces the market price for those goods or services to readjust to this lower price, putting smaller firms and industry ...
Notably, price wars can have some short term benefits for firms as it allows them to quickly turnover inventory, alleviate financial pressure, increase social purchasing power, and may compel firms to enhance their production efficiency. [6] But these short term gains are ultimately offset by long term losses.
The term is sometimes used in South Korea, where left-liberal Democratic Party of Korea (DPK) and conservative People Power Party (PPP) are the two main parties. [54] Fiscal conservatism is mainly represented by PPP. [55] South Korea's current president, Yoon Suk-yeol, is known as a "fiscal conservative". [56]
Long-Term Capital Management L.P. (LTCM) was a highly leveraged hedge fund.In 1998, it received a $3.6 billion bailout from a group of 14 banks, in a deal brokered and put together by the Federal Reserve Bank of New York.
The term grid strength (also system strength) is used to describe the resiliency of the grid to the small changes in the vicinity of the grid location (“grid stiffness”). [5] From the side of an electrical generator, the system strength is related to the changes of voltage the generator encounters on its terminals as the generator's current ...
The English name of "Singapore" is an anglicisation of the native Malay name for the country, Singapura (pronounced), which was in turn derived from the Sanskrit word for 'lion city' (Sanskrit: सिंहपुर; romanised: Siṃhapura; Brahmi: 𑀲𑀺𑀁𑀳𑀧𑀼𑀭; literally "lion city"; siṃha means 'lion', pura means 'city' or 'fortress'). [9]