How Competition Affects Property Investors | Ep. 42
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How Competition Affects Property Investors | Ep. 42
The economics of competition in business is a well-documented area and has sparked plenty of interest over the years.
Have you ever played the game 'Monopoly'?
If so, you would have had a brief insight into the world of competition in business. For example, if one person owns all the properties, they rule the game and have a monopoly over their other players, but if ownership is spread across the players, the game is much more competitive.
This concept is scattered throughout the economy and is the foundation of price control amongst many businesses.
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