Economics B A-Level
Domestic competition
What Domestic competition means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Domestic competition
Check what you remember
Read the wording for your board, then hide it and explain Domestic competition in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Intense rivalry at home, with aggressive rivals driving down profit margins, which may push a firm to look to overseas markets.
Topics that use Domestic competition
- Conditions that prompt trade (Pearson Edexcel A-Level)
Related terms
- Capacity utilisation
- Economies of scale
- Extension strategies
- Fixed costs
- Global supply chains
- International competitiveness
- International trade
- Market saturation
Using Domestic competition in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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