Author: alexthorpe195

• 12th May 2023

  Cryptocurrencies 

  

  Cryptocurrencies are virtual or digital currencies that use cryptography (a form of secret code to communicate certain information/data) to secure and verify transactions whilst prohibiting the production of new units. Bitcoin is the most popular and well-known cryptocurrency, however, there are dozens of others available in marketplaces throughout the world, each with distinctive features and…
• 3rd Apr 2023

  Competition in Markets

  

  Competition within a market refers to a position whereby there are multiple firms, with rivalrous relations, attempting to hold the largest market share, whilst also retaining high levels of profit in the long-run.  In a competitive market, there is an incentive for firms to lower prices, improve quality, and innovate new ideas in order to…