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What is Oligopoly ?

Meaning and information of oligopoly are given below so let us check it some more points on oligopoly to know more about it. Also check out Advantages & Disadvantags of oligopoly for more information.

  1. An oligopoly consists of small number of firms.
  2. Each firm has a large market share 
  3. The firms have an incentive to collude
  4. The firms are interdependent
  5. Lack of uniformity
  6. Entry and exit barriers
  7. Imperfect competition
  8. Few sellers
  9. Companies sell either identical or differentiated products.
  10. Non-Price competition is common.
  11. Rivals know about each others behaviors and actions.

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About Azadirachta Indica Brief Information of Neem

Azadirachta Indica is also known as Neem tree, Margosa tree , Nimtree, Indiac Lilac or Neem. Brief information of Neem (Azadirachta Indica ) is discussed here. It is found in various regions of India, Srilanka, Pakistan and Bangladesh. It is widely used for medicinal purpose. Also used as an insecticide as well as for pesticide. Azadirachta Indica is an evergreen tree and the bark of the tree is rough, think and brown in colour. The taste of the neem leaves or neem oil is bitter..

Family: Meliaceae

Genus: Azadirachta 

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What is Market economy ? Advantages and Disadvantages of Market Economy

Check out Advantages and disadvantages of market economy (capitalism) given below. So let us find out some points on advantages and disadvantages to know more about market economy. This type of economy is nearly free fro governement interference, Economy is based on private ownership where individual control the production, distribution and sales of goods and services.

Advantages and disadvantages of Advertisement in Points

Check out Advantages and Disadvantages of Advertisement in Points which are discussed below. So let us find out some points on advantages and disadvantages to know about advertisement.

Advantags of Advertisement in points are :

Advertisemet can be used to build brand Loyalty.

Advertisement creates ground for personal selling.

Advertisement helps to communicate information to the people.

It also helps to educate people.

Advertisement creates image for the products of services in the market.

It helps to build goodwill.