Market dominance synonyms, market dominance pronunciation, market dominance translation, english dictionary definition of market dominance. It is calculated by multiplying the price of a stock by its total number of outstanding shares. It is an academic study into ethnic and sociological divisions in regard to economic and political systems in various societies. Only a small minority of students isare interested in politics these days. Fusion occurs when a minority and a majority group combine to form a new group. This group is different in some respect from the majority and may get treated. Thus, much antiamericanism can be explained using her dynamic of rich minority vs poor majority narrative. The development of dominantminority group relations in. Market dominance definition of market dominance by the free. Minority group is physically and socially separated from the dominant group assignment of inferior positions in every area of social life the greater the exclusion from main economy and politics, the greater the poverty and powerlessness became.
A dominant minority, also known as alien elites if they are recent immigrants, is a group that has overwhelming political, economic or cultural dominance in a country or region despite representing a small fraction of the overall population a demographic minority. Market dominance is a measure of the quality of a brand, service or product relative to competition. Market dominance definition of market dominance by the. Her book highlights the double bind of free market democracy.
Use features like bookmarks, note taking and highlighting while reading world on fire. A majority shareholder is a person or entity that owns more than 50% of a companys outstanding shares. Permissible allows minority group to adapt the dominant characteristics at their own race. As such, minority status does not necessarily correlate to population. A wellknown example of a dominant minority is the south african whites.
The development of dominantminority group relations in preindustrial america the origins of slavery f rom the first settlements in the 1600s until the 19th century, most people living in what was to become the united states relied directly on farming for. Chua outlines this dynamic early and with characteristic clarity. Market dominant minorities are the achilles heel of free market democracy markets concentrate wealth, often spectacular wealth, in the hands of the market dominant minority, while democracy increases the political power of the impoverished majority. Now, theyre not market dominant because i use a very strong definition. When free market democracy is pursued in the presence of a marketdominant minority, the almost invariable result is backlash. Minority definition and meaning collins english dictionary. Dominant positioning is both a legal concept and an economic concept and the distinction between the two is important when determining whether. The first is a backlash against markets, targeting the market dominant minority s wealth. Its competitors are mostly small firms who compete with each other for the remaining market share. Dominantminority relations from slavery to segregation and the coming of postindustrial society o ne theme stated at the beginning of chapter 3 was that a societys subsistence technology profoundly affects the nature of dominantminority group relations. Dominant minority relations understanding race and ethnic relations 5th edition this multimedia product and its contents are protected under law. Such businesses are usually certified by the federal, state, or municipal government, the advantages of.
How exporting free market democracy breeds ethnic hatred and global instability. Imposing freemarket democracy on iraq has unleashed ethnic. In subsaharan africa, however, a market dominant minority is more likely to. She argues that americans are a market dominant minority, whilst the rest of the world is the poor majority. Market dominant minorities, by definition, are true minorities within a region that has a distinct ethnic majority. Amy chua popularised that term in her bestselling 2004 book the world on fire, which argued that the twinning of democracy and capitalism in developing countries inevitably results in turmoil and volatility. A dominant firm is one which accounts for a significant share of a given market and has a significantly larger market share than its next largest rival. In the book of mormon, the nephites, who prospered based on the promise given to them from the very beginning, were not only plausibly a market dominant minority by virtue of their prosperity, but they were also a politically dominant minority by virtue of the monarchy and the later hereditary judgeships.
For example, a majority may justify job discrimination by depicting a minority as shiftless or lazy. The new formula for market dominance is an extraordinary and instructive book that should be on the must read list of every corporate executive, entrepreneur, and governmental economics policy maker. Dominance is more likely where a firm has a large share of a. A business at least 51% owned andor operated by at least one personage of an ethnic or economically disadvantaged group e.
An invaluable and thoroughly accessible read from first page to last, the unconventional thinking of dominant companies. Her definition of what constitutes democratic free market systems is so broad. A dominant minority, however, can apply to any situation that adheres to its definition. Dominant minorities are also known as alien elites if they are recent immigrants. Market capor market capitalizationrefers to the total value of all a companys shares of stock. In defining market dominance, you must see to what degree an item, brand, or firm controls an item classification in a given geographic zone. Second, and more to the point, white americans will not be a market dominant minority in the future because they are not and most certainly never will be the wealthiest ethnic group.
Slovenia was a market dominant economy, but it got away into independence virtually unscathed in 1991. The term minority has the following distinct meanings in law. For example, croatians are cited as being attacked by serbs because they were a marketdominant minority. A dominant minority, also called elite dominance is a minority group that has overwhelming political, economic, or cultural dominance in a country, despite representing a small fraction of the overall population a demographic minority.
There were longstanding ethnic disputes which had little or nothing to do with economy. A group that does not constitute a politically dominant voting majority of the total population in a given society. The development of dominant minority group relations in preindustrial america the origins of slavery f rom the first settlements in the 1600s until the 19th century, most people living in what was to become the united states relied directly on farming for food, shelter, and other necessities of life. Minority meaning in the cambridge english dictionary. The first is a backlash against markets, targeting the marketdominant minoritys wealth. To understand why, we need to look at specific instances where politicians choose to work with, rather than against, disproportionately rich minority ethnicities within their own societies. Sep 28, 2015 market dominant minorities, by definition, are true minorities within a region that has a distinct ethnic majority. In these circumstances the pursuit of free market democracy becomes an engine of. She feels this sort of published in 2003, yale law professor amy chua wrote that bringing democracy to palestine will likely only bring a hamas government. Racial minority definition and meaning collins english. Chua, world on fire, ethnic cleansing, ethnonationalism, third world. The informal economy or underground economy consists of transfers of money, goods, and services that are not reported to the government. Americas marketdominant minority the migration period. Oecd glossary of statistical terms dominant firm definition.
Whereas paternalistic systems seek to directly dominate and control the minority group and its labor, rigid competitive systems are more defensive in nature. The book discusses the concept of marketdominant minorities, defined as an ethnic minorities who. Dominant firms are typically considered to have market shares of 40 per cent or more. Minority traits are often believed by the dominant majority to be inferior. Dominant positioning is both a legal concept and an economic concept and the distinction between the two is important when determining whether a firms market position is. For example, croatians are cited as being attacked by serbs because they were a market dominant minority. The roles of resources, labor market and the polarization level of population. In the broadest terms, chua believes the concentration of wealth in marketdominant america with a minority of the world population generates hatred and envy in world of havenot nations. Oct 10, 2016 market dominant minorities continue to exist throughout the continent. Minority interest groups have gained disproportionate influence. Second, and more to the point, white americans will not be a marketdominant minority in the future because they are not and most certainly never will be the wealthiest ethnic group. The term is most commonly used to refer to an ethnic group which is defined along. These definitions correlate to the concept that the dominant group is that which holds the most power in. When free market democracy is pursued in the presence of a market dominant minority, the almost invariable result is backlash.
In sociology, a minority group refers to a category of people who experience relative disadvantage as compared to members of a dominant social group. Theoretically, fusion does not entail intermarriage, but it is very similar to amalgamation, or the process by which a dominant group and a subordinate group combine through intermarriage into a new people. Minority, a culturally, ethnically, or racially distinct group that coexists with but is subordinate to a more dominant group. For instance, the dominant minority might be restricted to only political power or crucial decision making much greater than its numbers, a concept known as minoritarianism. If you talk about a minority of people or things in a larger group, you are referring to. For a firm to be found dominant possess market power, it must be in a position to influence market price defining a market is therefore crucial as part of the test for dominance it is a prerequisite. A minority interest, which is also referred to as noncontrolling interest nci, is ownership of less than 50% of a companys equity by an investor or another company. Process for a minority group to become absorbed into mainstream culture. Its the marketdominant minority ethnic minorities which for widely. Racial, ethnic, and minority groups introduction to sociology. Minority definition is the period before attainment of majority. Market dominance definition marketing dictionary mba. Members of the minority have a common sense of identity, with strong group loyalty.
Information and translations of visible minority in the most comprehensive dictionary definitions resource on the web. Chuas argument, i argue that her failure to define marketdom inant minority. Firm that controls at least half of the market in which it operates and has no significant competition. This presumed inferiority can be used to justify unequal treatment. Mixing free market, minority domination and democracy results. For the latter distinguished political scientists, the very definition. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The majority shareholder is often the founder of the company or, in. Countries in subsaharan africa are scattered with market dominant minorities. A corollary of this theme, explored in this chapter, is that dominant. Market dominance is a measure of the strength of a brand, product, service, or firm, relative to competitive offerings, exemplified by controlling a large proportion of the power in a particular market. Dominantminority relations the consequences of subordinategroup status.
In subsaharan africa, however, a marketdominant minority is more likely to be subjected to hostility when the government no longer sees it as. Forced dominant group forces customs and language on minority groups. Minority group membership is typically based on differences in observable characteristics or practices, such as. Opinion the destructive dynamics of political tribalism. Download it once and read it on your kindle device, pc, phones or tablets. Particularism, dominant minorities and institutional change hal amu. The term minority connotes discrimination, and in its sociological use, the term subordinate group can be used interchangeably with the term minority, while the term dominant group is often substituted for the group thats in the majority. How exporting free market democracy breeds ethnic hatred and global instability is a 2003 book by the american lawyer amy chua. Slovenia was a marketdominant economy, but it got away into independence virtually unscathed in 1991. Countries in subsaharan africa are scattered with marketdominant minorities. Marketdominant minorities, by definition, are true minorities within a region that has a distinct ethnic majority. As the term is used in the social sciences, this subordinacy is the chief defining characteristic of a minority group.
The book discusses the concept of marketdominant minorities, defined as an ethnic minorities who, under given market conditions, tend to dominate. The book discusses the concept of marketdominant minorities, defined as an ethnic minorities who, under given market. The secondary labor market affecting many members of racial and ethnic minorities has come to be called the informal economy. The chinese are a marketdominant minority throughout southeast asia. Marketdominant minorities are the achilles heel of free market democracy markets concentrate wealth, often spectacular wealth, in the hands of the marketdominant minority, while democracy increases the political power of the impoverished majority.