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Market dominance

There are several ways of calculating market dominance. The most direct is market share. This is the percentage of the total market serviced by a firm or brand. A declining scale of market shares is common in most industries that is, if the industry leader has say 50% share, the next largest might have 25% share, the next 12% share, the next 6% share, and all remaining firms combined might have 7% share.

Market share is not a perfect proxy of market dominance. The influences of customers, suppliers, competitors in related industries, and government regulations must be taken into account. Although there are no hard and fast rules governing the relationship between market share and market dominance, the following are general criteria

Market shares within an industry might not exhibit a declining scale. There could be only two firms in a duopolistic market, each with 50% share; or there could be three firms in the industry each with 33% share; or 100 firms each with 1% share. The concentration ratio of an industry is used as an indicator of the relative size of leading firms in relation to the industry as a whole. One commonly used concentration ratio is the four-firm concentration ratio, which consists of the combined market share of the four largest firms, as a percentage, in the total industry. The higher the concentration ratio, the greater the market power of the leading firms.

Showing 1 to 2 of 2 Articles matching 'Dominance (economics)' in related articles.

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1. Wars and the Decline U.S. Dominance
August 02, 2007

America has been at the top of the economic game since WWII. However, in modern times it has also received some new threats from China and the European Union. Once globalization set in the power of the U.S. is being disseminated around the world. Others can now compete and beat America at its own game. Prior to WWII the United States was in a depression and people were suffering. Soup lines stretched around the block and few maintained appropriate employment. The economy was slow the government was short of funds. President Franklin Roosevelt offered the new deal to help people and WWII f... (read more)

Author: Murad Ali

2. Chinese President Pledges Cooperation with US
April 21, 2006

Chinese President Hu Jintao has told an audience at Yale University his nation will remain focussed on expanding its economy, but will play a useful role on the world stage. In a speech Friday at the prestigious university, Mr. Hu said the United States and China must become "partners in constructive cooperation." The Chinese leader spoke at the end of a four-day trip during which Americans expressed alarm at China's growing dominance in global economics. Little progress was reported on key policy and economic disagreements between Washington and Beijing. But after a meeting with ... (read more)

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