Examlex
What is the largest sector of the online travel services market in terms of revenue?
Concentration Ratios
A measure of the market share controlled by a certain number of the largest companies in an industry, indicating the level of market concentration.
Technologically Progressive
Describes a society or company advancing through the adoption or development of new technologies, leading to increased efficiency and innovation.
Creative Destruction
A concept in economic theory that refers to the process by which new innovation leads to the demise of existing structures and creates new opportunities.
Dominant Firms
Firms that have a major share of the market sales in a particular industry, giving them the power to influence the market's total output and price levels.
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