THEORETICAL ASPECTS OF COMPETITION IN MODERN ECONOMY
DOI:
https://doi.org/10.17770/iss2021.6923Keywords:
competition, competitiveness, economy, managementAbstract
Competition is rivalry, economic struggle, competition between sellers and producers for the right to obtain maximum profit and between buyers when buying goods for great profit. The paper reveals that competition fulfills the most important function in a market economy - it forces producers to take into account the interests of the consumer, and therefore the interests of society as a whole. In the course of competition, the market selects from a variety of products only those that consumers need. The aim of the present paper is to show different views on competition in one unified system, called here the field of competition. Novelty of the research is the attention paid to the essence of competition in the economy and the issues caused from scarce competition.Downloads
References
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