Linked from

The 13 pages that link to Competition, each with the reason it gives.

• CapitalismRelated: Rival firms face pressure to reduce costs, improve products, and attract buyers.

• Laissez-faireRelated: Competition can discipline firms when government does not direct their decisions.

• Market economyRelated: Rivalry can influence prices, innovation, and the quality of goods.

• The Wealth of NationsRelated: Competition drives market prices toward natural prices in Smith’s account.

• MarketRelated: Rivalry can constrain prices and influence the choices available.

• Free marketRelated: Rival firms have incentives to attract customers through price, quality, or innovation.

• Invisible handRelated: Competitive pressure can channel producers’ pursuit of profit toward serving buyers.

• Business (commerce)Related: Competition influences business prices, innovation, and choices.

• Law of valueRelated: Competition penalizes producers whose labor time exceeds the social average.