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Prices
The amount of money required to purchase goods or services, determined by factors like supply and demand, production costs, and competition.
Cutthroat Competitor
Refers to businesses or individuals that aggressively compete in the market, often by slashing prices or adopting ruthless strategies to undermine rivals.
Competitive Spectrum
Refers to the range of competition levels within an industry, from perfect competition to complete monopoly.
Competitiveness
The ability of a company, sector, or country to produce goods or services that meet the test of international markets while simultaneously maintaining or expanding the real incomes of its citizens.
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