Encyclopedia > Competition

Article Content

Competition

Competition characterises economic or sporting activity whereby two or more individuals or groups strive antagonistically against one another for market share or for quality or for reputation.

Seen as a pillar of capitalism in that it may stimulate innovation, encourage efficiency or drive down prices, competition may equally lead to wasted (duplicated) effort and to increased costs (and prices) in some circumstances. Similiarly, the psychological effects of competition may result in harm as well as good.

Compare

See also

List of Marketing Topics List of Management Topics
List of Economics Topics List of Accounting Topics
List of Finance Topics List of Economists

All Wikipedia text is available under the terms of the GNU Free Documentation License

Search Encyclopedia

Search over one million articles, find something about almost anything!

List of Marketing Topics	List of Management Topics
List of Economics Topics	List of Accounting Topics
List of Finance Topics	List of Economists

Encyclopedia > Competition

Competition

List of Marketing TopicsList of Management TopicsList of Economics TopicsList of Accounting TopicsList of Finance TopicsList of Economists

List of Marketing Topics List of Management Topics
List of Economics Topics List of Accounting Topics
List of Finance Topics List of Economists