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Perfect competition exists where an industry's concentration ratio is CR n = n/N, where N is the number of firms in the industry. That is, all firms have an equal market share. Low concentration – 40% A concentration ratio of close to 0% implies perfect competition at the least. This is only possible in an industry where there is a very large ...
In economics, market concentration is a function of the number of firms and their respective shares of the total production (alternatively, total capacity or total reserves) in a market. [1] Market concentration is the portion of a given market's market share that is held by a small number of businesses.
Major topics include measurement of economic performance, national income and price determination, fiscal and monetary policy, and international economics and growth. AP Macroeconomics is frequently taught in conjunction with (and, in some cases, in the same year as) AP Microeconomics as part of a comprehensive AP Economics curriculum, although ...
In the Solow-Swan model, economic growth is driven by the accumulation of physical capital until this optimum level of capital per worker, which is the "steady state" is reached, where output, consumption and capital are constant. The model predicts more rapid growth when the level of physical capital per capita is low, something often referred ...
RGR is a concept relevant in cases where the increase in a state variable over time is proportional to the value of that state variable at the beginning of a time period. In terms of differential equations, if is the current size, and its growth rate, then relative growth rate is
In developmental biology, pattern formation refers to the generation of complex organizations of cell fates in space and time. The role of genes in pattern formation is an aspect of morphogenesis, the creation of diverse anatomies from similar genes, now being explored in the science of evolutionary developmental biology or evo-devo.
Population momentum impacts the immediate birth and death rates in the population that determine the natural rate of growth. However, for a population to have an absolute zero amount of natural growth, three things must occur. 1. Fertility rates must level off to the replacement rate (the net reproduction rate should be 1). If the fertility ...
In the European Report on the Blue Growth Strategy - Towards more sustainable growth and jobs in the blue economy (2017) the blue bioeconomy is defined differently to the blue economy. The blue economy means the industries that are related to marine environment activities, e.g. shipbuilding, transport, coastal tourism, renewable energies (such ...