Meaning of competition
In economics, competition, "the major areas of economists, is the favorite daughter of an economist, he has to appease her. Economists have long competition among the enterprises studied. Such as Cournot Research Two manufacturers in the production of homogeneous products produced under the conditions of competition and made known Cournot model (Augustin Cournot, 1838) and so on.
The main features of competition in two ways:
① competition is evolution. With economic development and the evolution of content and form of competition emerged in a number of features.
② the level of competition is different. In the different market structures, the degree of competition is different. In a fully competitive market structure, competition is very intense; in monopoly market structure, not the existence of or weak competition; In addition, competition policy is also subject to industry regulation and other factors, the more stringent industry regulation, the corresponding the lower the level of competition.
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