Skip to content

Course home

x
2.5.3 Economic impact of competition
x

What competition means

What competition means

Competition exists when firms rival one another to attract customers. They may compete through lower prices, better quality, wider choice, improved service, advertising or innovation.

2.5.3 Economic impact of competition Lesson

  1. GCSE
  2. /Economics
  3. /2.5.3 Economic impact of competition

Step-by-step lessons on OCR GCSE Economics 2.5.3 Economic impact of competition. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons