Economics of Banking Industry

Economics

Table of Content
• Introduction
• Introduction to the industry
• Different market structures
• Market structure of banking industry
• Summary of the issue associated with banking industry
• Analysis of the impact
• Conclusion
• References

Introduction
Economics for business is an element which is focused by
business entities for the purpose of analysing such changes which
are taking place in the market and may affect business in future.
For all the industries executing operations in a country it is very
important to be aware of the changes which are affecting
economy.

Introduction to the industry
Banking industry is one of the main sectors which are making
higher contribution in GDP of Australia. There are various
activities which are performed by it. These are lending money,
accepting deposits, allowing facilities such as credit, overdraft
and bills discounting. It is highly dominated by some of the
major players of the sector. These are Commonwealth Bank of
Australia, National Australian Bank, Australia and New Zealand
banking Group and Westpac Banking Corporation.