50% of towns have 5 supermarkets on their doorsteps - competition in action
Tuesday, March 09, 2010
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This headline really struck me today and is great to use with GCSE students when discussing competition. The data below would be great for a data reponse:
The ‘big four’ supermarkets - Asda, Tesco, Sainsbury’s and Morrisons - control three-quarters of the £80billion grocery sector. In 1945 there were 500,000 independent retailers, but today the number is down to just 35,500. A clear oligopoly - a few large dominant firms in the market.
Click here to read the full article.
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