The supermarket is an example of an oligopoly.

There is clear evidence that the UK grocery supermarket sector is dominated by a few firms.The pricing strategy of supermarkets can be understood using a game theory approach.

Many farmers and growers are suffering due to the increasing power of the major supermarkets.

The rise of the big four has been halted by the emergence of low-cost retailers, and the 4-firm concentration ratio has fallen from 75% in 2011.

The OFT prevented Tesco from buying Safeway in 2002, but allowed them to buy 1200 convenience stores.Around 2000 convenience stores were acquired by Tesco by 2015.

The acquisition of Booker is a further development in the march of Tesco towards supermarket dominance.

The decline in independent high street retailers coincides with the rise of large supermarket chains.

The number of independent retailers has fallen by half over the last 10 years.*

A K-shaped recovery is when various segments of the economy recover at their own rates or levels, as opposed to a uniform recovery where each industry takes the same...

Does public choice affect the economy?There is a strong relationship between economics, public choice, and politics on paper.One of the major political arenas is the economy....

Major companies in the US and the world have been thrown into complete havoc by the COVID-19 Pandemic.Many people have filed for bankruptcy.

Identifying speculative bubbles and its effect on markets speculation plays an interesting role in economics.Be sure to pay attention if you see "speculation" in this context.It is.