CONSIDERATIONS ON THE CONCEPT OF COMPETITION

Abstract

The economically viable mechanism is the latter. He does not exclude the present regulatory elements which operate not imperatively, decisional, but in a free formula, indicative, of organization and management of economic life. In this mechanism, the prices are a component part and characteristic functions. In the market economy is functioning the freedom to choose both entrepreneurs as well as those that could sustain them. Competition aware the entrepreneurs and investors that they have to take responsibility to bring to market those products to give them the fundamental price (offer), in relation to the real requirements of the market.

Keywords

• competition
• prices level
• strategies
• market
• monopsony