1)REASON :  As we understand that  charge war is while or greater rival corporations decrease fees of similar services or products with the intention of stealing clients from their competition–or gaining marketplace proportion. Price wars can come at a brilliant fee because it decreases a agency's income margins withinside the short-term. However, if a agency profits a significant boom in marketplace proportion, it may result in greater profitability withinside the long-term–specially if the opposition is not a feasible threat. Therfore, if corporations promote the unreal of the identical product then one of the agency will lessen the charge of the product or the carrier with the intention of stealing the clients from the competition agency, as withinside the marketplace all of the corporations which might be promoting the unreal of the identical merchandise are competition to every other.

Price wars most regularly strike industries wherein there may be each heavy opposition and numerous similar merchandise. Under those conditions, there may be a massive incentive for a competitor to cut fees so as to benefit a more proportion of the marketplace

FEATURES OF PRICE WAR

• A rate conflict is whilst or greater rival businesses decrease charges of similar services or products with the purpose of gaining marketplace percentage.
• Price wars can come at a excessive value because it decreases a company's income margins withinside the short-term.
• However, rate wars can assist businesses benefit a tremendous boom in marketplace percentage and result in greater profitability withinside the long-term.
• Price conflict techniques can encompass businesses decreasing charges for merchandise to feature clients and cross-promote them better-margin services.

• There are some of execs and cons to rate wars for the businesses concerned in addition to the customers being courted. The following are the professionals and cons :

  Pros

• Consumers advantage from decrease charges

• Consumers additionally advantage from extra add-on services

• Companies advantage with the aid of using gaining new clients

• Cons

• Companies that lose a rate conflict lose marketplace percentage and profits

• Price wars can result in much less opposition and better charges

• Consumers have fewer selections for merchandise and services

2) Indonesia hold 2 periods of sustained economic enlargement in its fashionable history: 1900–29 and 1967–96. In each cases, economic process happened beneath political systems — the Dutch late-colonial regime and therefore the New Order government — that few would describe as democratic.Indonesia is seen as a future economic big. it's the most important economy in Southeast Asia and therefore the world's seventh by buying power parity. The country hasn't suffered negative GDP growth since 1998, and therefore the economic process has stabilized round the solid five-hitter vary over the past years; it remittent from five.2% to 5.0% in 2019 . The key drivers of the economy square measure non-public domestic consumption - stirred by its Brobdingnagian market with a growing bourgeoisie of nearly seventy million individuals (55% of GDP).
Indonesia may be a economy with rich natural resources, a young, massive and burgeoning population (266.9 million), a proletariat of 133.4 million individuals, and political stability. The country modified from being Associate in Nursing economy that was extremely captivated with agriculture into a additional balanced economy that is modification its ancient dependency on primary exports. The agricultural sector contributes to twelve.8% of the country’s GDP and employs thirty.2% of the active population. country is that the second-largest rubber producer within the world. alternative major crops embody rice, sugarcane, coffee, tea, tobacco, palm oil, coconuts and spices. Besides, the country is that the world's biggest nickel ore producer and has become a serious businessperson of stainless-steel. Indonesian area used for agriculture has been growing, and is presently around half-hour. this is often in the main because of the institution of large-scale plantations - specially for oil production (second-largest export).

Industry contributes additional or less to cardinal.7% of value and employs twenty one.9% of the labour force. the business sector includes manufacturing of textiles, cement, chemical fertilisers, electronic product, rubber tyres, article of consumer goods and shoes.The implementation of the Indonesian-EU Forest social control, Governance Associate in Nursingd Trade to combat dirty work is making progress associated Republic of Dutch East Indies has become the first country at intervals the globe to receive an exemption from screening to verify its timber is sourced in accordance with EU rules. 3 million hectares of Indonesian forests square measure certified, and 2.2 million hectares among then square measure natural production forest concession.The service sector (financial institutions, transportation and communications) contributes to forty 3.4% of the value and employs concerning forty seven.7% of the active population. The banking sector is well developed and so the Islamic bank Syaria has enlarged speedily in recent years. business is also a significant offer of revenue, although stage has suffered from terrorist threats and natural catastrophes at intervals the past few years. From New Style calendar month to October 2019, the country received 13.6 million guests, an increase of 4.6% compared to identical quantity of 2018.
Indonesia has became lglobally integrated over the past century, with its magnitude relation of trade to value rising from thirty per cent in 1970 to sixty per cent at intervals the 2000s. Indonesian democracy is further stable, further advanced and extra deeply unmoving in society than most observers would have expected in 1998. it's clearly removed from completely consolidated, and equally removed from turning into a liberal democracy inside that the rule of law, civil liberties and minority rights unit upheld whereas not prejudice. but given the with reference to complete absence of democratic experience at the beginning of the transition, Indonesia’s stability as a sensible electoral democracy fifteen years later may well be a stimulating accomplishment, and one that tons of young democracies inside the Midleeast would like to copy.