Real competition creates intense conflict between companies, industries, and nations, as producers fight for a share of the total global profit.
Competition acts as a form of "economic warfare" where producers constantly attempt to lower costs through wage reduction, technological innovation, and increased efficiency. Capitalism: Competition, Conflict, Crises
Competition shapes global patterns of trade, finance, and investment, reinforcing imbalances between developed and developing economies. he proposes a theory of :
Shaikh argues that the neoclassical model of "perfect competition" is unrealistic and ideologically driven. Instead, he proposes a theory of : Capitalism: Competition, Conflict, Crises