Economics A-Level
Market competition
What Market competition means in Economics A-Level, as defined for AQA.
Definition of Market competition
Check what you remember
Read the wording for your board, then hide it and explain Market competition in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Increased international competition that exposes domestic monopolies and oligopolies to foreign competitors, forcing firms to become more dynamically and productively efficient.
Topics that use Market competition
- Trade (AQA A-Level)
Related terms
- Comparative advantage
- Deadweight welfare loss
- Economic efficiency
- Economic integration
- Economies of scale
- Export subsidies
- Gains from trade
- Government tariff revenue
Using Market 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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