image missingTrue Value Metrics (TVM)
Meaningful Metrics for a Smart Society
image missing Navigation ... HOME
HOME BRIEF PROBLEMS
POSSIBILITIES
SYSTEM
OVERVIEW
PROGRESS
PERFORMANCE
STATE
CAPITALS
FLOW
ACTIVITIES
FLOW
ACTORS
EFFECTIVE
MANAGEMENT
PETER
BURGESS
SiteNav SitNav (1) SitNav (2) SitNav (3) SitNav (4) SitNav (5) SitNav (6) SitNav (7) SitNav (8)
Date: 2019-09-19 Page is: DBtxt001.php list0300-Competition-1

Definitions for TrueValueMetrics
Competition

A market based economy assumes robust competition ... but a profit maximizing rich economy with a high concentration of economic power never has much effective competition.

In contrast a poor economy with disorganized ... haphazard ... supply, and with a multitude of individual buyers is a market economy, and the market efficiently reflects market equilibrium.

Many of the characteristics of a modern economy reduce competition:

  • Regulation makes it more difficult to have many different items in the market to do the same function ... and competition is reduced

  • Intellectual property sometimes gives a product a monopoly position ... whether or not it is justified

  • Branding makes the market ineffective ... an identical product that is unbranded does not compete as a similar product, but as something that is different. This diverts profit to the brand ... but does nothing to the inherent value of the product.



The text being discussed is available at

SITE COUNT
Amazing and shiny stats
Blog Counters Reset to zero January 20, 2015
TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends plus donations from well wishers who understand the importance of accountability and getting the management metrics right. TVM is a 'big idea' that has the potential to be a game changer leveling the playing field so the wealth and power is shared on a more reasonable basis between people who work for a living and those that own the economy and the levers of power. In order to be effective, it cannot be funded in the conventional way with a for profit business plan, but absolutely must remain an open access initiative.
WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WILL HELP MAKE THAT HAPPEN


The information on this website may only be used for socio-enviro-economic performance analysis, personal information, education and limited low profit purposes
Copyright © 2005-2019 Peter Burgess. All rights reserved.