### competition:

Fair competition
* is fundamental to the free enterprise system
  - the base for economic development
* means lower prices, cleaner air, and a stronger economy.

Free competition
* is thus a fact in electricity generation.
* right of all, which implies responsibilities.

Global competition
* demands leaders who draw from diverse experiences.
* is an inescapable fact of corporate life
  - more economic than military
* very real economic force working to keep rates down.

Healthy competition
* can make people strive to improve.
* tends to make skaters go a little faster.

Imperfect competition
* generates excess profits at the expense of payments to labor and capital.
* remains a controversial area in economics.

Increased competition
* can also change market prices.
* trend across North America.

Indirect competition
* company with the same product or service but a different market.
* is when a common limiting resource acts as an intermediate.

International competition
* demands a climate of lower taxes and regulation to remain productive.
* is an additional source of long-term structural unemployment
  - characterized by the increasing dynamics of innovation

Interspecific competition
* can lead to the extinction of one of the species competing.
* is between organisms of different species
  - competition occurring between individuals of the same species
  - too rare to structure communities of insects on plants
  - waged between species
* occurs when different species compete for resources.
* reduces fitness in scleractinian corals.

Intraspecific competition
* is competition among members of the same species and is density dependent
  - between members of the same species
  - for resources between members of the same species
* occurs within the species.
* refers to competition between individuals of the same species.
* tends to have a stabilising influence on population size.

Light competition
* begins when plants begin to shade each other.
* helps force the hardwoods to grow in a straight up direction.

Market competition
* dynamic process that produces long-term benefits for the public.
* is the discovery of comparative advantages.

Monopolistic competition
* combines elements of both perfect competition and monopoly.
* contains some characteristic of monopoly and some of perfect competition.
* is characterized by product differentiation
  - in between monopoly and perfect competition

Price competition
* heavy driver of innovation and technological advance.
* is acute particularly in the service industries
  - significant in the computer software industry
  - the free market's way

Price war
* are also common in oligopolies
  - game theory
  - intense in the PC market, so enterprises can negotiate better deals than ever before
* exist in all forms in insurance.

Sperm competition
* decides who gets to sire offspring.
* is responsible for many sexually selected traits in gastropods.

Tax competition
* can be a means of exerting pressure on public expenditure.
* forces governments to cater to the needs of taxpayers in the global economy.
* is one of the few areas in which small size confers an economic advantage
  - rife among European countries seeking to lure investors
  - the bane of governments worldwide seeking higher levels of tax receipts
* liberalizing force in the world economy.

True competition
* can only exist in freedom and under the full protection of individual rights.
* is between options, companies, or schemes that are different.

Unfair competition
* commercial tort that evades precise definition.
* is the name of the game in real estate.