Economy - 2144 Words

Introduction The legislation process of Anti-Monopoly Law has been indeed a long journey. The new AML is a tremendous leap forward for China, bringing China into the modern world of antitrust and competition law. The law, which aims to prevent dominance of any one company, was first proposed in 1994. But its pace was slow until 6 years later because of pressure from big state-owned companies and multinationals that had just started doing business in China. It wasnt until 2001, when China joined the World Trade Organization, did the process accelerate. In August 2007, the law was finally passed by the National Peoples Congress. Although the measure compromised with state-owned enterprises, which dominate industry, people tend to believe†¦show more content†¦In addition, market dominance will be presumed to exist in the following cases (although this presumption can be rebutted by evidence to the contrary): * if the operator has a market share of at least 50 per cent; * if the joint market share of two operators accounts for at least two-thirds of the relevant market; or * if the joint market share of three operators accounts for at least three-quarters of the relevant market. * The monopolistic practice * The definition monopolistic competition is firms which in effect hold a monopoly over their products, in that the firm is able to influence the market price of its product by altering the rate of production. Monopolistic competitive firms produce products that are not perfect substitutes or are at least perceived to be different to all other brands products. Unlike in perfect competition, the monopolistic competitive firm does not produce at the lowest possible average total cost. Instead, the firm produces at an inefficient output level, reaping more in additional revenue than it incurs in additional cost versus the efficient output level. There are several kinds of monopolistic practice as follow * Dumping can refer to any kind of predatory pricing. However, the word is now generally used only in the context of international trade law, where dumping is defined as the act of a manufacturer in one country exporting a product to another country at aShow MoreRelatedU.s. Economy s Economy1330 Words   |  6 PagesU.S. ECONOMY U.S. ECONOMY CRISIS Sheryle Leonard Colorado Christian University 2 U.S. ECONOMY Abstract The state of the U.S. economy has an impact on every American. There has been economic depression in this country since the collapse of the housing market in 2007, that has seen widespread unemployment and home foreclosure combined with conservative consumer spending. Research conducted through financial new websites, government reports and survey provided information on where the economy standsRead MoreCanada s Economy And The Economy1026 Words   |  5 PagesCanada’s economy is currently growing and statistics show the economy is expected to continue to grow in the following years. In addition, consumer spending has increased and the housing market conditions have improved. The demand for oil and energy is at an all-time high and the demand is expected to increase through 2017. However, expanded a business into a new market also comes with high risks and potential losses. Major corporations such as Target have tried to enter the Canadian market, butRead MoreThe Asian Economy1443 Words   |  6 PagesThe Asian economy is consisting with exceed the 4.2 billion people in 46 different states. Six other states are partly to Asia, but are considered to belong to another region economically and politically. Asia is the fastest growing economy in the region and the continents largest economy by Gross Domestic Product and purchasing power parity in the world. China is the largest economy in Asia and the second largest economy in the world. Besides, Asia is the site of some of the world’s longest economicRead MoreEconomy of Pakistan1686 Words   |  7 Pagesfactors that are disturbing Pakistan’s Economy: †¢ Poverty †¢ Illiteracy †¢ Corruption Political Instability †¢ Over Population, Unemployment Inflation †¢ International Interference †¢ Terrorism/Extremism †¢ And The Recent Floods ECONOMY HISTORY OF PAKISTAN First five decades When it gained independence in 1947 from UK. Pakistans average economic growth rate since independence has been higher than the average growth rate of the world economy during the period. Average annualRead MoreEconomy of Singapore 1077 Words   |  5 PagesIntroduction In this essay we look in-depth on how government strategies and economic policy play a crucial role in the success of High Performance Asian Economies (HPAEs) during 1960 to 1990 (World Bank 1993).There are eight countries within HPAEs: South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, Indonesia and Japan. Its economic development has significantly rise that it was name ‘East Asia Miracle’ (World Bank, 1993). Out of the eight country, Singapore, Hong Kong, Taiwan and SouthRead MoreTransition Of An Economy From A Command Economy2200 Words   |  9 Pagestransition of an economy from a command economy to a market oriented/capitalistic economy is a dynamic and difficult process that involves several stages of transformation. Transitioning countries experience different transition stages based on their political and socio-economic background. If we discuss about these economies, we understand that the term â€Å"economies in transition† refers not only to countries that may be emerging from a socialist-type command economy towards a market-based economy but alsoRead MoreEconomy of China625 Words   |  3 Pagesgrade. Nowadays, China become the second-largest economy at the global stage because of the fastest and perpetuated development in standard of living has made in a state with exceeding twenty percent (20%) of the globe’s population. However, China’s economic trans formation is said has no historical law in the angle of steps and scale (Xiaodong, 2012, p. 103). What we want to focus now is the influence of China over Southeast Asia from the aspect of economy and what the foreign policies that involved betweenRead MoreThe Economy Of A Country2852 Words   |  12 Pageshave heard of the economy of a country being either weak or strong. We see trending news on social media about the economy of a given country as either strengthening or weakening. The US is known to be the country with the biggest economy while small economies are associated with most African countries and developing world. What is economy all about and what contributes to its strengthening or weakening? How much does the political system of a country contribute to the economy of that country? HowRead MoreChina Economy7357 Words   |  30 Pagesan average annual rate of nearly 10%. From 1980 to 2011, real GDP grew 19-fold in real terms, real per capita GDP increased 14-fold, and an estimated 500 million people were raised out of extreme poverty. China is now the worldâ€℠¢s second-largest economy and some analysts predict it could become the largest within a few years. Yet, on a per capita basis, China remains a relatively poor country. China’s economic rise has led to a substantial increase in U.S.-China economic ties. According to U.SRead MoreMoldova’s Economy2138 Words   |  9 Pagesof countries in central Europe that is in the process of transitioning economy from a planned to a market economy. Over the years, Moldova has adopted free market policies that are believed to lead the country on a path of economic growth and freedom. Transition economists agree to a number of things involved in the transition process, that countries in this category must embark on, to ensure full transition to a market economy. This process calls forth a drastic restructuring of institutions. As