Competition in economics

1.

Competition in
economics
Prepared by the
student
of the group of еk/b18-5o
Pavlyuk Anna

2.

The agenda
1. The concept of the
competition.
2. Several functions of the
competition.
3. Types and forms of the
competition.
4. Methods of the competition.
5. Types of the competition in
terms of freedom.
6. Advantages and
disadvantages of the
competition.
7. Short conclusions on the
presentation.

3.

1. Competition is the competition between separate economic
entities for better business conditions.

4.

2. Functions of the competition:
•regulating;
•motivational;
•distribution;
•controlling.

5.

Types and forms of the
competition
Method of
implementation
Price
Non-price
Industry-specific
Cross-industry
Intrandustry

6.

4. Methods of the
competition
1. Price policy.
2. Non-price policy.

7.

Competition
perfect
polypolia
imperfect
oligopoly
monopsony
monopolistic
monopoly

8.

6. Advantages and disadvantages of
the competition
The advantages of competition:
+ limits the possibility of
monopolies;
+ creates the possibility of
choice for the consumer;
+ promotes innovation;
+ flexibility of economy.
Disadvantages of competition:
- bankruptcy of weak producers;
- advertising costs;
- dishonest methods of struggle
(bribery, blackmail, espionage).

9.

7. conclusion
1)Competition is an economic process necessary for the economy.
2) Competition has both positive and negative aspects.