Managing Ethiopia’s Foreign Currency Problem

Economists understand the exchange rate of currencies just as they understand the price of any other commodities. In the foreign exchange market, the goods that are traded are currencies and their prices are the exchange rates. This means, just as with the price of any good or service, the exchange rate is primarily determined by demand and supply.


Level of competition and industry rivalry is one of the Michael Porter’s five forces framework that helps in analyzing and understanding the profitability of the industry as a whole. It is an essential tool to figure out what the market looks like. Without proper understanding of the market, success becomes a matter of luck.

Rivalry is one dominant form of the manifestation of competition in any industry. Rivalry among firms refers to all the actions taken by firms in the industry to impose their positions and gain advantage over each other.

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