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Unethical competition is trying to beat the competition by using immoral means. An example is employing slave labor in order to cut production costs.

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10y ago

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unethical competition in business?


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Since the terms unfair and unethical are synonymous, it is not necessary to explain why something that is unfair would be unethical. That is true by definition. As for specific issues, unfair competition is typically used to drive competitors out of business, which then results in less choice for the consumer, and in the worst case scenario, higher prices in a monopolistic system. And that is not fair.


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