Definition, Meaning & Synonyms
limit-competition
noun
ˈlɪmɪt kəmˈpɛtɪʃən
Definition
A term used to describe practices or strategies aimed at reducing or controlling competition in a particular market or industry.
Examples
- The company engaged in limit-competition tactics to secure its market position.
- Limit-competition practices can lead to monopolistic behaviors that harm consumers.
- In industries with high barriers to entry, limit-competition is common among existing players.
Meaning
To limit competition means to restrict the extent to which different entities can compete against each other, often to maintain higher prices or ensure market stability.
Synonyms
- Price-fixing
- Market control
- Monopolization
- Collusive practices
