What is competition .how does mercer and wonderer differentiate it's different types
Answers
Answer:
the act or process of competing : rivalry: such as. a : the effort of two or more parties acting independently to secure the business of a third party by offering the most favorable terms contractors in competition for the contract to build the new school.Economists have identified four types of competition—perfect competition, monopolistic competition, oligopoly, and monopoly.
Answer:
the activity or condition of striving to gain or win something by defeating or establishing superiority over others.
"there is fierce competition between banks"
Similar:
rivalry
competitiveness
vying
contesting
opposition
contention
conflict
feuding
battling
fighting
struggling
strife
war
keeping up with the Joneses
an event or contest in which people take part in order to establish superiority or supremacy in a particular area.
plural noun: competitions
"a beauty competition"
Similar:
contest
tournament
match
game
round
heat
fixture
event
meet
encounter
race
bout
fight
prize fight
quiz
trials
stakes
clash
the person or people over whom one is attempting to establish one's supremacy or superiority; the opposition.
"I walked round to check out the competition"