Choose ONE!!!!! of the following questions to answer.
- Uber has about 75 million riders and 3 million drivers around the world. Uber Eats is available in over 6,000 cities and over 45 countries. How does exchange within markets for Uber services reconcile the competing interests of buyers and sellers, and with the public interest? To answer this question, you need to compare the theoretical explanations of TWO schools of economic thought and explain why you think one view provides a better explanation of social reality.
OR
- In 2019, Woolworths had 33% of the total grocery market in Australia, Coles held a 27% share, and the balance was shared by Aldi, Fresh Food Stores, IGA and other smaller supermarkets. What is meant by competition in the supermarket sector of the Australian economy, and is it desirable? To answer this question, you need to compare the theoretical explanations of TWO schools of economic thought and explain why you think one view provides a better explanation of social reality.
OR
- Housing loans have provided Australian banks, over the past decade, with record profits. What is profit and where does it come from in the banking sector? To answer this question, you need to compare the theoretical explanations of TWO schools of economic thought and explain why you think one view provides a better explanation of social reality. You may illustrate your answer with any banking sector around the world.
