PRODUCT MARKET ACTIVITY AND EQUITY RETURN GOODS

<p>In the field of economics competition refers to a scenario in</p><p>which many economic companies [Note 1] compete with one</p><p>another to obtain commodities that are limited by modifying one</p><p>or more of the following components of the marketing mix: price</p><p>product promotion or place. In the traditional school of economic</p><p>thought competition drives commercial enterprises to produce</p><p>new goods services and technologies. These advancements would</p><p>provide customers with a wider range of options and higher quality</p><p>goods. When there is a greater variety of a product available on the</p><p>market prices for those products are often cheaper in comparison to</p><p>what they would be if there was either no competition (a monopoly)</p><p>or very little competition (an oligopoly).</p><p>The amount of competition that is present in the market is determined</p><p>by a range of factors including the number of firms the</p><p>obstacles that stand in the way of new firms entering the market</p><p>the information that is available and the availability and accessibility</p><p>of resources.</p>