Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Business

In the News

World's Biggest Players in Pharma

Geoff Riley

10th July 2017

Share this content:

If you are looking for a good example of economies of scale and a global oligopoly then pharmaceuticals fits the bill. Here is a snazzy infographic showing global prescription sales and research and development spending.

During 2016, world market leader Pfizer's prescription sales were approximately 45.9 billion US dollars, while R&D spending was approximately 7.8 billion dollars.

Share this content:

Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

You might also like

Innovation and R&D (Unit 3.2.2) PowerPoint for AQA A-Level Business (2026)

Teaching PowerPoints

The Role of Design in Product Development - Explained

21st September 2017

Inside Microsoft's AI research labs

9th July 2017

Government and business in partnership to beat Alzheimer's

20th June 2017

Dyson plugging the skills gap

15th February 2017

How to grow a business idea

11th December 2016

China Enters the Global Aircraft Engine Market

30th August 2016

Innovation - The Robot That Can't Be Beaten at Rock Paper Scissors

4th March 2016