Competition - Konkurencia / hospodárska súťaž

Characteristics of competition
Competition is type of economic competition. It is a situation when each market subjects can enter the market.
These market subjects can be examples listed below:
1. Assessing the price
2. Determining the design
3. Determining the colour
4. Determining the brand
5. Attracting customers with benefits
Basic characteristics of competition is difference of products and services from other producers and salespeople.
Example of competition
For example spas. One spa offers a special offer for children to twelve years and the second spa offers a special offer for all children.
These spas do not stop each other from offering their own benefits.
Types of competition
A) Perfect competition
The perfect competition is a characteristic of competition. It is type of competition when producers and salespeople can enter the market. These subjects can assess the price and determine the design, colour, brand and these subjects can attract customers with benefits.
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