Changes

'''Competition''' is the efforts of multiple independent parties working against one another to achieve a goal.

'''Competition''' is the effort of multiple independent parties working against one another to achieve a goal.

As an [[economic]] term, competition refers to the rivalry between firms to sell the [[goods]] or services they provide.  Economiss generally classify different levels of economic competition by the following models: [[perfect competition]], [[perfectly contestable market]], [[monopolistic competition]], [[oligopoly]], [[cartel]] and [[monopoly]].

As an [[economic]] term, competition refers to the rivalry between firms to sell the [[goods]] or services they provide.  Economists generally classify different levels of economic competition by the following models: [[perfect competition]], [[perfectly contestable market]], [[monopolistic competition]], [[oligopoly]], [[cartel]] and [[monopoly]].

[[Category:Economics]]

[[Category:Economics]]