Difference between revisions of "Competition"

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1. ''Consumer choice.''
  
 
The degrees of choice available to consumers and to other buyers in a market and of the rivalry between different suppliers in the market.
 
The degrees of choice available to consumers and to other buyers in a market and of the rivalry between different suppliers in the market.
  
  
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2. ''Regulation.''
  
 
The area of public policy and regulation established to promote greater choice and different suppliers, for the benefit of consumers and other buyers.
 
The area of public policy and regulation established to promote greater choice and different suppliers, for the benefit of consumers and other buyers.
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3. ''Market conditions.''
  
 
Perfect competition.
 
Perfect competition.

Latest revision as of 14:50, 25 March 2021

1. Consumer choice.

The degrees of choice available to consumers and to other buyers in a market and of the rivalry between different suppliers in the market.


2. Regulation.

The area of public policy and regulation established to promote greater choice and different suppliers, for the benefit of consumers and other buyers.

For example, through the work of competition authorities.


3. Market conditions.

Perfect competition.


See also