PREDATORY COMPETITION Meaning and
Definition
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Predatory competition refers to a type of aggressive behavior exhibited by businesses or individuals in a market, where they deliberately engage in unfair or unethical practices to gain a competitive advantage over their rivals. This term is commonly used in the context of economics and business strategy.
In predatory competition, companies or individuals may resort to various tactics such as predatory pricing, collusion, defamation, patent infringements, or misleading advertising to undermine and eliminate their competitors. These tactics are aimed at driving competitors out of the market, securing a dominant position, and ultimately increasing their share of revenues.
Predatory competition is considered detrimental to healthy market dynamics as it hampers fair competition, discourages innovation, and can harm consumers. It can lead to reduced options for consumers, monopolistic practices, and inflated prices once the predatory firm establishes market dominance.
Regulatory bodies and antitrust laws are in place to prevent and discourage predatory competition. These regulations aim to ensure fair competition, protect consumers, and maintain a level playing field for all market participants. Companies engaging in predatory competition may face legal consequences, fines, or other penalties if found guilty of anti-competitive practices.
In summary, predatory competition refers to the use of aggressive and unethical tactics by businesses or individuals to gain an unfair advantage over competitors. It undermines fair competition, harms consumers, and is subject to legal scrutiny and penalties.
Common Misspellings for PREDATORY COMPETITION
- oredatory competition
- lredatory competition
- 0redatory competition
- peedatory competition
- pdedatory competition
- pfedatory competition
- ptedatory competition
- p5edatory competition
- p4edatory competition
- prwdatory competition
- prsdatory competition
- prddatory competition
- prrdatory competition
- pr4datory competition
- pr3datory competition
- presatory competition
- prexatory competition
- precatory competition
- prefatory competition
- preratory competition
Etymology of PREDATORY COMPETITION
The word "predatory" originates from the Latin word "praedatorius" which comes from the verb "praedari" meaning "to plunder". In its original sense, "predatory" referred to animals that preyed on others for survival.
The term "competition" comes from the Latin word "competere" which means "to strive together". It is derived from the prefix "com-" meaning "together" and the verb "petere" meaning "to seek" or "to strive for".
When the words "predatory" and "competition" are combined, the phrase "predatory competition" refers to a type of competition where one party seeks to dominate or harm others in order to gain an advantage or succeed. This concept is often used in business or economic contexts to describe aggressive or unfair practices employed by companies or individuals to undermine or eliminate competitors.
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