CREATING A COMPETITIVE ENVIRONMENT

Competition consists of a conflict of economic interests of market entities, which means a struggle between them for higher profits and more productivity. The introduction of new technology, the rapid adoption of on-demand product types, the availability of skilled labor and the use of modern marketing services become a prerequisite for winning the competition.

Another condition for the existence of competition is the presence of commodity money relations, a market system that is developed to a certain extent. Therefore, the main field of competition is the market.