Reply To: Should You Consider the Competition When Starting a New Business?

By Reshmika Christopher

Reshmika Christopher
  • Total Post: 9
Points: 61

In economics,”competition is the rivalry among sellers,trying to achieve such goals as increasing profits, market share, and sales volume.I feel it is always good to be a part of a Monopolistic market rather than in a Monopoly.Because,it is always good to have healthy competition which can be a performane booster,thriving the companies to identify unique talents and come up with innovative techniques to boost the sales.

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