Competition in economics

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The agenda 1. The concept of the competition. 2. Several functions

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

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

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

2. Functions of the competition:

regulating;
motivational;
distribution;
controlling.

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

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

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6. Advantages and disadvantages of the competition The advantages of competition:

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).
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7. conclusion 1)Competition is an economic process necessary for the economy.

7. conclusion

1)Competition is an economic process necessary for the economy.
2) Competition

has both positive and negative aspects.