Question

need info about : 1- market share. 2-industrial production 3-decline in international trade

Answer 1

1. Market share- Market shares are of different types. Market shares can be either in value or in amount. Price market share is based on a company's cumulative share of overall revenue in the business. Volumes apply to the specific number of units sold in the market by a corporation out of the total units produced. The market share equation of value-volume is generally not linear: a unit may have high value and low numbers, indicating that market share of value may be high, but the share of volumes may be small. In industries such as FMCG, where the goods are low-priced, high volume, and there are loads of freebies, the trend is to compare market share with priced.

Market share significance: Market share is a measure of the consumer's preference for a product over similar goods. Higher market share generally means higher sales, lower marketing effort, and a strong barrier to other competitors' entry. A higher market share also means the leader will benefit more than the others as the market grows. By the same token, a market leader must also broaden the market for its own growth, as determined by its market share.

2. Industrial production- Industrial production refers to industrial plant performance and includes industries such as mining, manufacturing, power, gas and steam, and air conditioning. This indicator is calculated in an index based on a reference duration which expresses a change in production volume.

Annual variability in industrial production offers insight into the state of the economic cycle, as during an economic downturn the production of consumer durables and capital goods is likely to decline. While the industrial sector accounts for just a portion of the overall production of an economy, it is a leading indicator of growth and economic performance of the Gross Domestic Product (GDP) because of its exposure to market demand and interest rates.

3. Decline in international trade- Deeply related are the Great Depression and foreign trade, with the downturn in stock markets impacting demand and production in various countries. This slowed down foreign trade, which exacerbated the depression.
The situation has been made worse by the rise of protectionism across the globe, which is the economic policy of limiting trade between countries by means of measures such as tariffs on imported products, stringent quotas and other regulations of government.
Protectionist policies shield the manufacturers, businesses and employees from foreign competition in the import-competing sector in a region.

Protectionism in economics is the economic policy of limiting trade between states (countries) by methods such as tariffs on imported products, restrictive quotas, and other regulations of government. Protectionist policies shield the manufacturers, businesses and employees from foreign competition in the import-competing sector in a region. These policies, according to supporters, will combat unfair trade practices by allowing for equal competition between domestically manufactured products and goods and services. Protectionists may support the strategy of reducing the trade deficit, retaining jobs in some sectors or supporting the development of some industries.