To think critically about: Application of competition principles in both public and private organizations. Introduction: Economics is the term used for the study of production, allocation and consumption of resources. Competition in economics refers to the availability of more than one seller or supplier of goods and services due to which buyers have the option to choose one amongst others.

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Summary Introduction

To think critically about: Application of competition principles in both public and private organizations.

Introduction:

Economics is the term used for the study of production, allocation and consumption of resources.

Competition in economics refers to the availability of more than one seller or supplier of goods and services due to which buyers have the option to choose one amongst others.

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