Competition – the Premise of a Sustainable Business Model: Meanings and Types

Niþu Oana (), Cosmin Tileaga () and Epure Dãnuþ Tiberius ()
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Niþu Oana: Faculty of Economics, "Ovidius" University, Constanta, Romania
Epure Dãnuþ Tiberius: Faculty of Economics, "Ovidius" University, Constanta, Romania

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 628-632

Abstract: In terms of market economies increasingly complex competitive environment reflects a prerequisite in ensuring transparent competition. This paper proposes an overview of the main meanings and characteristics of the competition, from a perspective of a viable and stable economic environment. Elements such as the transparency of market, regulations on entry and exit a given market, economic development opportunities or the possibilities to stimulate, are decisive vectors in boosting and potentiation of competition. That competition importance is expressed by the functions it fulfills in the implementation of market relations. Depending on the evolution of these relations, competition has extended its influence on multiple elements of market economy.

Keywords: competition; competitive environment; price; level of development; consumers (search for similar items in EconPapers)
JEL-codes: D40 F10 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:628-632

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