TeachMeFinance.com - explain Concentration (economic)
Concentration (economic) The term 'Concentration (economic) ' as it applies to the area of agriculture can be defined as ' A measure of the degree to which a few large firms dominate total sales, production, or capacity within an industry or market. The concern is that the more concentrated an industry, the greater the likelihood of price and market manipulation. For example, meat packer concentration has long been a concern of cattle producers. It is common to express concentration as a ratio, by stating the share (%) held by the top 4, 8, or 12 firms'.
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