Subject - Economics
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Monopoly
Explore the concept of monopoly, a market structure where a single firm is the sole producer of a product or service, characterized by no close substitutes, significant market power, and high barriers to entry.
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Oligopoly
Dive into the oligopoly market structure, where a small number of firms hold significant market power, allowing for collaboration and influence over prices and output, characterized by high barriers to entry and strategic interdependence.
Supply and Demand
Delve into the fundamental concepts of microeconomics—supply and demand—that describe the critical relationship between the availability of products or services and consumer desire, shaping market prices and quantities.
Time Value of Money
Dive into the concept of the Time Value of Money (TVM), a fundamental financial principle that highlights how money's worth changes over time due to its potential earning capacity.
