(economics) A theoretical type of market structure, where there are many firms providing homogeneous goods or services, resulting in allocative and productive efficiency in the long run.

A process in which the public sector requires private firms to bid for contracts or projects in order to provide goods or services to the public.

(economics) A competitive market is one, in which no single firm can influence the price of a good/services due to the competitive nature of other firms in the market.

plural of competitive advantage

plural of wet t-shirt competition

(economics) A competitive strategy in which firms deliberately don't engage in price reductions, but rather compete in advertising, quality, or design etc.

A contest in which women wear t-shirts that are wet to make them clingy and slightly translucent, and others judge the women on appearance.