Tag: market

November 27, 2019 admin123@ No comments exist

Winner takes all Winner-takes-all nature of modern markets means top firm benefits don’t impact the whole economy, as in the past.  Bank of England data: the most-productive 1% of firms raised productivity by 8% a year from 2004 – 2014.  The other 99% barely raised productivity at all.  Highly successful global companies can still leave…

October 28, 2019 admin123@ No comments exist

Invisible hand 1776 economics milestone:  Adam Smith’s Wealth of Nations.  Free markets ‘led by an invisible hand’ benefit all, not just the butcher, brewer or baker seeking profit.  No other idea in history has done more to raise global prosperity.  His pin factory study showed division-of-labour specialisation & productivity motivates trade.  The ‘invisible hand’ is…

December 28, 2018 admin123@ No comments exist

Unify A Unified Payments Interface (UPI) enables instant & easy money exchanges from person-to-person or person-to-merchant. India’s 2-yr old UPI system has 115 lenders & handled ₹542bn rupees ($7.5 bn) of transactions in Aug 2018, up from ₹31m in Aug 2017.  All together now: the ramp-up power of a network Guessed the Word?       …

September 7, 2018 admin123@ No comments exist

Yacht How to transform a superyacht-type firm?  ‘Speedboat projects’ run separately from core activities can develop faster.  Heritage & tradition are valuable, but sometimes developed markets can learn from emerging ones, not the other way round Guessed the Word?         Series 29 (8/8)          [pic: Singapore Yacht Club]

April 18, 2018 admin123@ No comments exist

Unregulated The only market that’s unregulated is the art  business. Buying & selling paintings is one way to clean dirty money Guessed the Word?    Series 22 (2/8)     [pic: daniel van den berg]

November 1, 2017 admin123@ No comments exist

Oligopoly Music industry is an oligopoly.  3 labels – Sony, Universal and Warner Music – control majority of market share by owning 80% of every piece of music ever recorded. Guessed the Word?      Series 11 (2/4)       [photo:Stocksnap]

October 16, 2017 admin123@ No comments exist

K-pop Smartphones. Cars.  Now South Korean pop music is a global export, with cute performers, catchy beats & elaborate choreography.  Population of 51m is world’s 8th-largest recorded-music market, by sales. 2012 Gangnam Style video was 1st to surpass 1bn, then 2bn, views on YouTube.   Guessed the Word?  Series 10 (8/8)  [photo: Public_Domain_Photo]