Economics Essay for Oxford

"The development of ICT has contributed in the growth of large firms in both national and global markets. This has increased market concentration & inhibited competition to the detrement to the consumer. Discuss?"

This is an essay which Oxford have asked as a sample essay, any thoughts or points I could include?

Reply 1

Drogue

First thing, the quote mark goes before the discuss. Looks like a nice question, quote open, but gives a direction, and written in the same style as all mine title wise (I'm an Oxford E&Mist btw).

Make sure you argue both why less competition and an increased market concentration are to the detreiment of the consumer, as well as arguing why the development of ICT has contributed to it. Also, defining terms, especially economic terms, is very important. What is market concentration? How is it measured? Etc. You could branch out a little into why ICT developed and how it's used by firms, as well as the different effect it has nationally and globally, as you've mentioned those specifically. I won't put more, meant to be writing my essay at the moment!

Good luck, hope it goes well.