Competition and Industrial Organisation in the Centrally Planned Economies
‘Competition: the condition prevailing in a market in which rival sellers try to increase their profit at one another’s expense … ’(McGraw-Hill, Dictionary of Modern Economics, 1965, p. 102). ‘Competition enters all major areas of man’s life and generally connotes rivalry between two or more men or groups for a given prize.’ (International Encyclopaedia of the Social Sciences, vol. 3, 1968, p. 181).
KeywordsMarket Structure Foreign Trade Market Competition Socialist Economy Plan Economy
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