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.




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


Related Terms

competitive intelligence -
fundamental analysis -  More
globalization -  More
invisible hand, positioning, protectionism, socialism, outperform, market size, commoditize, fair game, lock-up option, fictitious trading


competition appears in these other terms

pure competition, perfect competition, monopolistic competition


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

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