competition
The interactions between two or more sellers or buyers in a single market, each attempting to get or pay the most favorable price. Economists usually interpret and model these interactions as among individual economic agents -- firms or consumers. Popular terminology extends also to competition among nations, especially competing exporters.
Browse by Subjects
socialism
Federal Trade Commission (FTC)
price war
marketing
Regional Stock Exchange
See All Related Terms »

product development
cost absorption
at call
irredeemable bond
Public Sector Borrowing Requirement