when does a competition happen
Perfection competition does not actually happen. It is a model. Within this model, all competitors are equal. This is very difficult to achieve in reality.
If a market continues to thrive without competition it is considered a monopoly. This is very bad for the people paying for their products and services.
Competition eliminates shortages and surpluses by setting a market- clearing price.
Horizontal competition, Inter-type competition, vertical competition, channel system competition
Competition is bad because it lowers your self esteem. without competition there are no losers and no winners but with competition there are winners but there are also losers.
When there is no competition
Russian Music Competition happened in 2002.
World Sports Competition happened in 1992.
Panama International Piano Competition happened in 2004.
Genée International Ballet Competition happened in 1931.
Sydney International Piano Competition happened in 2008.
Competition happens because there are limited resources in an ecosystem.
Perfection competition does not actually happen. It is a model. Within this model, all competitors are equal. This is very difficult to achieve in reality.
The environment somehow must be limiting.
From A+: competition :)
You lose the game
When one is arranged as part of a games event or competition.