In the News
Ofcom - the industry regulator using other methods to support consumers
Jonny Clark
1st December 2015
A lack of competition in a market can lead to welfare loss in terms of high prices and lack of innovation within the industry. One government response is to assign a regulator - an organisation aimed at acting on the public's behalf and monitoring the operations of the firms within the market place. Ofcom is the industry watchdog for the UK communications industry.
Jonny Clark
Jon Clark has been teaching economics and business studies for over 25 years primarily in the Further Education sector. Before joining tutor2u, he was a senior manager at South Cheshire College in Crewe.
You might also like
Industry Profile: UK Water Industry
Topic Videos
Economics of Monopoly (Revision Quizlet Activity)
Quizzes & Activities
Why market structure matters for development
3rd August 2021
The 'Revolving Door' between politics and business
11th February 2021