Competition is inherent to the commodity economy. Recognizing that a socialist economy is a commodity economy, competition cannot be excluded. The formation and realization of the value of a commodity are done in competition. As long as there are commodity production and commodity exchange, competition will occur, and There are commodity producers competing against each other on the common market to select the best. Can be derived from the above:. ['No competition in the planned economy.', 'Corporate bankruptcy is a normal phenomenon in the commodity economy.', 'Commodity economy first, then competition, the competition promotes the development of commodity economy.', 'Competition comes first, followed by the commodity economy, and economic development drives fierce competition.']