economic competition
Economic competition refers to the rivalry between individuals, companies, or countries in the market, whereby they compete to acquire customers, resources, or markets for their goods and services, often driving innovation, efficiency, and productivity improvements in an economic system.
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Related Concepts (1)
Similar Concepts
- competitiveness
- conflict and competition
- cooperative competition
- corporate competition
- economic competitiveness
- economic equality
- economic equilibrium
- economic exchange
- economic opportunity
- fair competition
- industry rivalry
- international trade competitiveness
- market competition
- product competitiveness
- social competitiveness