Given its small market position, Auswide is a price taker
in its core segment of residential mortgages, although its regional focus provides some increased loyalty to the brand and bank.
We have to make sure the debt is well serviced, that it is sustainable, that the bank can survive and that there is price taker
on the other side," he remarked.
That said, as we are essentially a price taker
in the scheme of things, we will continue to monitor domestic market reactions, to see if any action is needed on our part to contain undue market volatilities," he added.
Nowhere has China's move from price taker
to maker been more obvious than in daily physical crude oil trading.
Keywords: global governance, small states, price taker
We are not going to be the price taker
anymore, we're going to be the price make," Cramer said, who also wants to see a legislation passed on approving the long delayed Keystone XL pipeline that would stretch across the US from Canada to Mexico and could transport 100,000 barrels a days of North Dakotan oil.
The UK is now a net importer of gas for example, and therefore a price taker
- we have to pay the going rate for Liquified Natural Gas (LNG) and pipeline gas.
The first half of 2013 was the period in which gold exchange traded funds, with their day-to-day transparency, became an increasingly important price maker, rather than a price taker
, as an ever more unsettled professional gold market responded to bearish external financial forces, said the Thomson Reuters GFMS report.
This means that China is moving in the direction of ceasing to be merely a price taker
and will gain access to information about what drives short-term price shifts that influence its import costs.
Instead of being a pure price taker
, China will have some insight into short-term fundamental shifts that affects either directly or indirectly the cost of the oil the country must import.
Perhaps a humbler approach in textbooks, one that details the deficiencies of the distinction between price taker
and price searcher and that points the student in the direction of learning more about what we do not currently know, will encourage future generations of students and economists to tackle these issues.