Competition (economics)
RIVALRY BETWEEN FIRMS; ABILITY OF COMPANIES TO TAKE EACH OTHERS' MARKET SHARE IN A GIVEN MARKET
Competition (companies); Competitive market; Buyer's market; Seller's market; Economic competition; Competetiveness; Market competition; Competitivity; Cost competitive; Competitive Market; Competitive markets; Competitive Markets; Competitive economy; Competitiveness
In economics, competition is a scenario where different economic firmsThis article follows the general economic convention of referring to all actors as firms; examples in include individuals and brands or divisions within the same (legal) firm. are in contention to obtain goods that are limited by varying the elements of the marketing mix: price, product, promotion and place.