Producers are driven by the profit motive to work against competition
competition
It was to avoid competition in the cotton market
government and people created market economy . Because government decide the market price . But sometimes people make their own market prices to get more money.
Ultimately, the government is trying to protect the consumer. Predatory pricing is used to drive a competitor out of a market, or keep a potential competitor from entering a market. If successful, the entity employing predatory pricing tactics can maintain a monopoly (or near monopoly) in a market and use the lack of competition to set prices anywhere it wants. The consumer, having no choice in a marketplace, is forced to pay whatever the entity chooses to charge.
role of market and government in economy
Perfect Competition
The market concentration ratio for perfect competition is Low (Less than 40%).
Perfect Competition
Somalia
yes indian stock market perfect competition in market
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
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Perfect Competition
monopoly,perfect competition,monopolistic competition,
Even a free market economy needs government intervention to provide for things that the marketplace does not address.
it is a state in which market demand = market supply