Competition is generally understood to be a process in which rivals compete in order to achieve some objective. For example, fi rms may compete with each other over who will sell the most output, consumers may compete over who will buy a scarce product, workers compete over who will get the best jobs with the highest salaries, countries compete over which will capture the biggest export markets, and so on.
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- owner: Martinus - (no access) - ECONOMICS.pdf, p20
- owner: Manuel - (no access) - Economics - Ellie Tragakes - Second Edition - Cambridge 2012.pdf, p20
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