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Competition – the Premise of a Sustainable Business Model: Meanings and Types

Author

Listed:
  • Niþu Oana

    (Faculty of Economics, "Ovidius" University, Constanta, Romania)

  • Tileagã Cosmin

    (Universitatea “Lucian Blaga” din Sibiu Facultatea de ?tiin?e Economice)

  • Epure Dãnuþ Tiberius

    (Faculty of Economics, "Ovidius" University, Constanta, Romania)

Abstract

In terms of market economies increasingly complex competitive environment reflects a prerequisite in ensuring transparent competition. This paper proposes an overview of the main meanings and characteristics of the competition, from a perspective of a viable and stable economic environment. Elements such as the transparency of market, regulations on entry and exit a given market, economic development opportunities or the possibilities to stimulate, are decisive vectors in boosting and potentiation of competition. That competition importance is expressed by the functions it fulfills in the implementation of market relations. Depending on the evolution of these relations, competition has extended its influence on multiple elements of market economy.

Suggested Citation

  • Niþu Oana & Tileagã Cosmin & Epure Dãnuþ Tiberius, 2012. "Competition – the Premise of a Sustainable Business Model: Meanings and Types," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 628-632, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:628-632
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    More about this item

    Keywords

    competition; competitive environment; price; level of development; consumers;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • F10 - International Economics - - Trade - - - General

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