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What is the meaning of competition in business?
In the short, business understanding, competition is the act of striving against other for dominance or attainment of goals. Today, the term is familiar to us in various fields like politics, sports, business, etc. In this paper however, we are aiming to focus on business competitions rather than other types of competitions.
When is the deadline for the essay competition?
The judges will choose their favourite essay from each subject category and an overall 'best essay' across seven subjects: Philosophy, Politics, Economics, History, Psychology, Theology and Law. Deadline for submissions for the 2021 competition was Wednesday, 30 June 2021
Is there competition between different lines of business?
Competition may exist between organizations in different lines of business as well as between organizations in the same line of business. Usually business firms compete only with other firms of the same kind. Don't use plagiarized sources. Get Your Custom Essay on
Why is competition an important aspect of an economy?
Business competition is an important aspect in an economy for the success of any economic system depends primarily on competition. The government therefore, must guarantee the existence of fair competition in the country. It must regulate competition in business to protect public interest.
Last Update: Oct 2021
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