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Topic: Business
Number of pages / Number of words: 16 / 4213
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Western Europe a the real growth rate is expected to remain below 2%

3. Eastern Europe

  • Building industry has increased its volume
  • Very low and unstable growth due to varies considerably between the countries
  • ?super-normal' growth of market shares explained by rapid demand growth and acquisitions
  • Labor productivity increased by 33%, while unit labor cost (+15...

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Trade in the brick industry has been minimal as it mainly a local business

2. Market structure in the brick industry is OLIGOPOLY, in which tends to reduce competition between few suppliers, became dominant position of large supplier in home market

3. Competition depend on the share of bricks of total construction materials used, including substitutes such as concrete

  • Highly developed countries e highly concentrated in order to stand the pressure of substitutes
  • Less developed countries e the role of substitutes is considerable less significant

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