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Competition

5 more terms with the same name exist. Show the other terms
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  1. in economics is a term that encompasses the notion of individuals and firms striving for a greater share of a market to sell or buy goods and services

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on November 23, 2008
  2. Merriam-Webster defines competition in business as "the effort of two or more parties acting independently to secure the business of a third party by offering the most favorable terms." Seen as the pillar of capitalism in that it may stimulate innova

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on November 23, 2008
  3. According to microeconomic theory, no system of resource allocation is more efficient than pure competition

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on November 23, 2008
  4. according to the theory, causes commercial firms to develop new products, services, and technologies

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on November 23, 2008
  5. This gives consumers greater selection and better products

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on November 23, 2008
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