What does one understand by the word "Competition"? In common man's language competition in the market would refer to rivalry between 2 entities selling similar...
What does one understand by the word "Competition"? In
common man's language competition in the market would refer to
rivalry between 2 entities selling similar products and/or services
with the goal of achieving revenue, profit and market share. Thus
it ensures that the entities involved with similar products compete
on merits and not with the help of anti-competitive conduct and/or
agreements. Such kind of competitive market structure does not
flourish naturally but it needs to be promoted, protected and
regulated by the Government with a competition policy. Such policy
has to include not only ways and means of how to enhance
competition in local and national markets but also focuses on
anti-monopoly laws.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
