competition Definition

competition

Definition

The existence within a market for some good or service of a sufficient number of buyers and sellers such that no single market participant has enough influence to determine the going price of the good or service. opposite of monopoly.

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competition is ...
... part of the Economy subject.

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competition appears in these other terms

pure competition, perfect competition, monopolistic competition

competition appears in the definitions of these other terms on BusinessDictionary.com

intratype competition, imperfect competition, intertype competition, neoclassical economics, exclusive license, and

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