Question

What do you understand by cut-throat competition?

Answer 1

Answer:

• cut throat competition is also referred to as ruinous, excessive or unfettered competition.

• cut throat competition is also referred to as ruinous, excessive or unfettered competition. More generally, cut throat competition is also subsumed under the term "destructive competition".

Answer 2

CR are 10,000 and RR is 10%,then the estimated credit created would be 1,00,000.My doubt is that,let the bank get deposits of 10,000 from public.It would make a RR of 1000.