Difference between revisions of "Competition"

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[[Category:Capitalism]]

Revision as of 11:37, 16 April 2011

Competition is in sharp contrast with sharing. It is about people rivaling for power or resources. It is a very inefficient way for allocating resources. Competition is at the heart of an economic system also referred to as Capitalism.

Competition is also closely linked to scarcity, which among humans is a social construction.