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The 50 greatest business rivalries of all time

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These stories of no-holds-barred competition, contempt, and all-out conflict shaped the modern business world. Here's what you can learn from them.

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If a selection of something is limited, the demand for that item is increased.

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In conclusion, competition greatly impacts the supply and demand of products. If there is less supply of an item, the demand for it increases and if there is more supply of an item, the demand for it decreases.

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What is COMPETITION? What does COMPETITION mean? COMPETITION meaning, definition & explanation

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competition makes companies more money and more supply

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Competition makes companies compete with the prices and quality of their goods/services

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More suppliers in a market tend to increase supply. How this works is, each producer that supplies more of their product, competes for a share of the market demand. This moves the supply curve higher as producers give more goods at each and every price for the product.

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Let us say that the demand for video games were to fall, there would be more games on the market than consumers wanted to buy.

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Competition generally increases supply, but lack of competition may decrease the supply.

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-Nike vs Adidas
-Target vs Walmart
-Iphone vs Android