Competition is a competition between actors in the economic sense of the word. Without competition, the market could not exist in the form in which it is presented to society today.
Instructions
Step 1
Based on the concept of market competition, it should be noted that this type of rivalry arises if you want to sell your product as profitably as possible. Market participants compete for the best location, attracting and capturing the attention of buyers in order to better sell, capture more of the market and make a profit. For the market, an important and universal factor in a competitive environment is the price of a product.
Step 2
Thanks to competition, consumers have more opportunities to choose the most suitable and high-quality product on the market for themselves.
Step 3
Competition, like play, is subject to certain rules. Often, participants also give themselves the freedom to disregard this set of rules, thereby making competition illegal. The latter type is common among actors engaged in illegal activities, whether it is the sale of unlicensed discs or the clandestine manufacture of cleaning products. Since the activity is not legalized, in this case there is an illegal rivalry. In such cases, the case may even come to the "forced disappearance" of the main competitor. In view of this, many scientists view competition as a struggle and subject this process to long-term research.
Step 4
Despite all the difficulties generated by the competition, competition is very useful for society. This type of rivalry encourages manufacturers to launch new types of goods on the market and improve the range of products. Consumers in this situation are able to appreciate innovations, giving preference to one or another product.
Step 5
Competition takes place only where the owners of their businesses and producers of goods have unlimited freedoms, namely: independent choice of suppliers and consumers, the right to dispose of profits, and independent management of production.
