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What competition means

What competition means

A market is any situation where buyers and sellers exchange goods or services. Producers sell to consumers, and in a market economy firms usually aim to make profit.

Competition Lesson

  1. GCSE
  2. /Economics
  3. /Competition

Step-by-step lessons covering OCR GCSE Economics Competition for GCSE Economics. Each lesson works through exam-style questions in Component 01 and Component 02 format. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.