De Beers should be viewed as one of the lasting monopolies in the world. A blend of control of the world’s diamond supply and little or no close substitutes created this monopoly. In addition to this, De…
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This can be viewed as the reasons behind Argyle’s successful entrance into this market. The firm’s dictatorial styles is used in marketing diamonds where customers have to take what is available or leave it is under threat from Argyle (Peng 316). Argyle diamonds may be of a lesser quality as compared to those of De Beers, but are on high demand. This is because world diamond prices have reduced in the past few years. Customer tastes have changed to an increased demand for cheap, high quality diamonds supplied by Argyle. This has led to most of these customers demanding more of Argyle diamonds than those from De Beers.
Thus, De Beers faces a threat as it shifts from the diamond industry monopoly to an oligopoly market type from the competitor Argyle. In this case, both companies are providing the same product. The view from De Beers’ side is that the presence of Argyle has no effect on their monopoly. The firm is believed to be the sole producer of high quality, premium diamonds.
The diamond market today is not only dominated by De Beers and Argyle. Other firms from other nations such as the Russians have today made an impact in the diamond market on a global scale, thus causing De Beers to risk losing its advantages as a monopoly. However, despite the presence of other upcoming competitors such as Argyle, De Beers can still be classified as one the most enduring monopolies in the world (Kanfer 402).
When the diamond industry was an oligopoly in the 20th century, there were still other substitutes for diamonds such as emeralds and rubies. However, most still believe that there is no other gem that exhibits the same characteristic, such as the diamond. This was perhaps the belief created in the advertising campaign in the late 1990s by the only diamond seller. This supposition may still be there; therefore the diamond as a unique product has no competing
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Water comes back to Earth in the form of snow or rain. This process of water showering is known a precipitation. The rainwater does not stand on the surface of soil. It flows into water bodies including streams, rivers and sea. Rest of it, that can not make its way to any reservoir gets seeped into the soil.
As stated in the UDHR, the UN promotes the premise that people are born equal and free. It is because of this that human beings are expected with the same degree of dignity always. This idealist concept of human rights as stated by the UHDR can be used as a concept in understanding the case of violations committed against the people of Sierra Leone as had been depicted in the film Blood Diamond.
The film entirely focuses on the global issue on water crisis and consumption. However, keeping this theme at the foci, myriad other issues are intricately woven in the space of just 46 minutes. The film very brilliantly and systematically raises the
This paper analyses and explains the common parameters for measuring the quality of water.
Turbidity – it is the level or measure of cloudiness in water. Form the data, the steam is clear with zero turbidity for both upstream and down
Blood which flows through the human body system is mainly made of plasma, which is 80% water. This clearly shows that water is life.
The film starts by showing how global fresh water supplies are drastically reducing. This means that soon the world shall reach a critical
through corporate social responsibility, companies globally have to invest part of their profits in taking care of the society, either environmentally or financing social activities and affairs. An example of social
He is initially convinced that Diego is gay and ponders spying on him as well as exposing Diego for harboring forbidden pleasures in his house such as magazines and whiskey. The moral struggle in the film rests in David’s dilemma as to whether to expose his new
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