From ACT Wiki
Revision as of 06:39, 15 February 2024 by Doug (talk | contribs) (Add link.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

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