Tag Archives | competition

741 words short essay on Competition for students

741 words essay on Competition. Certain processes play divisive or disintegrative roles in the social life of individuals or groups. These are called dissociative processes. Conflict, competition and mutual opposition are called as dissociative processes.

How is price determined under perfect competition?

How is price determined under perfect competition? There was a controversy among earlier economists as to whether the supply of a good or the demand for it goes to determine price of a commodity under perfect competition.

6 most important characteristics features of monopolistic competition

6 most important characteristics features of monopolistic competition. The concept of monopolistic competition is more realistic than perfect competition and pure monopoly. According to Chamberlain in real economic situation both monopoly and competitive elements are present.

What is the difference between monopoly and perfect competition?

What is the difference between monopoly and perfect competition? Perfect competition is the market in which there is a large number of buyers and sellers. The goods sold in this market are identical. A single price prevails in the market.

Notes on the Role of Competition in Social life

The role and status of the individuals in each society is determined by competition. Competition determines who is to perform what function and assigns individuals their respective place in the social system.

6 most important characteristics of Competition in business

Competition is a continues process. It never comes to an end. As goods are limited in supply there is always competition among the people for procurement of these things. The desire for status, power, wealth etc. makes competition a continues process in human society.

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