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“destructive competition”
1. Rivalry that forces several producers out of the market.
It usually occurs when there are too many producers of a product that prices are driven down to the point where no one makes a profit.
It can also happen if a single producer is significantly wealthier than other producers and can afford to cut prices drastically until the other producers are driven out of business.
2. The result of businesses which strive to benefit when an individual, a group, or an organism damages or eliminates competing individuals, groups and/or even organisms and which opposes the desire for mutual survival.In this situation, success of one group is dependent on the failure of the other competing groups.
This entry is located in the following units:
de-
(page 41)
peti-, pet-, -pit-
(page 2)
stru-, struct-, -structure, -struction, -structive
(page 3)