Journal of Advanced Research in Social Sciences and Humanities
Volume 4, Issue 4, August 2019

Does competition have a relationship with efficiency and productivity?

EK˙IN AKDEN˙IZ (Unknown)



Article Info

Publish Date
19 Aug 2019

Abstract

Aim: The purpose of this research is to determine whether or not there is a correlation between the level of competition in a given competition and the level of efficiency or productivity achieved by that market. With this in mind, the study’s primary objective is to determine whether or not intense competition affects efficiency and productivity.Method: The current investigation takes a descriptive approach to its presentation of data. Information was gathered from books and articles already published. The findings were derived from a comparative analysis.Findings: When competition is healthy, the market sends firms clear signals (such as the prices they can charge and the profits they can earn) about the goods and services consumers want to purchase. Therefore, it can be said that competitiveness is linked to effectiveness and output.Implications/Novel Contribution: The importance of the study is articulated through the connection between the three concepts of competition, efficiency, and productivity, which are not fully developed in the papers cited in the literature review. The presented relationship with the existing literature review can be dealt with in future studies, and unfavorable aspects of the relationship can also be embraced.

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Journal Info

Abbrev

jarssh

Publisher

Subject

Humanities Education Languange, Linguistic, Communication & Media Physics Social Sciences

Description

Journal of Advanced Research in Social Sciences and Humanities (JARSSH) is a reputed international outlet that encourages research based on multidisciplinary and interdisciplinary cross-fertilization of ideas related to humanities and social sciences. JARSSH thrives on supporting authentic research ...