What Determines the Degree of Competitiveness in a Market

question 12

Essay

What determines the degree of competitiveness in a market?

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Definitions:

Lust for Power

An intense desire or ambition to hold and exert power or control over others.

Articles of Confederation

The original constitution of the United States, ratified in 1781, which was replaced by the US Constitution in 1789.

Military Powers

The authorities and capabilities vested in a country's armed forces for defense, conflict resolution, and enforcement of national or international mandates.

Executive

refers to the branch of government responsible for implementing and enforcing laws, typically headed by a president or prime minister.