market competition
Business vying struggle
Market competition is the rivalry among businesses seeking to attract customers in the same industry or sector.
Companies compete on price, quality, service, or innovation: Market competition keeps prices down.
Economists distinguish degrees of competition—from perfect competition with many small sellers to monopoly with one.
Healthy market competition benefits consumers.
- price warsCompeting through lower costs
- race to the bottomCompetition through degraded standards
- level playing fieldEqual competitive conditions
- antitrust lawsRegulations preventing corporate monopolies
- supply and demandPrice-determining economic forces
fair trade practices · challenger · pricing strategies · price point · deregulation · predatory pricing · dog eat dog · game theory · competitive advantage · customer retention · advantage · cutthroat · survival of the fittest · outsell · edge · hustle · rivalry · niche
- free marketsfree enterprise, free trade, laissez-faire, capitalism, privatization
- mixed economygovernment regulation, private sector, public sector, government spending, public services
- regulationregulators, rules, laws, regulatory oversight, standards
- trade regulationantitrust, trade practices, monopoly, monopolies, mergers
- tech industrysoftware, computers, semiconductors, hardware, Amazon
- corporationsApple, Microsoft, Google, Amazon, Toyota
market competitionmonopoly
One seller, no substitutes
oligopoly · duopoly · market dominance · monopsony · cartel
market competitioncentral planning
Government directs all production
command economy · planned economy · state control · economic planning · nationalization
market competitioncollusion
Fraudulent secret cooperation
cooperation · bid rigging · vertical integration · merger · consolidation
market, compete, competition, marketing, competitor, supermarket, markets, competing, marketplace