Companies that are in the position of pursuers or secondary players have less market share than the leaders. Some followers, fast-growing companies that are contenders for market share, pursue an aggressive strategy to increase their market share or strengthen their competitive position. Other pursuing companies belong to the category of narrow competitors and implement focused […]
Tag: market
Free competition in the theory of A. Smith
Adam Smith in his book “Studies on the Nature and Causes of the Wealth of Nations” (1776), in contrast to the mercantilists, advocated freedom of competition within the country and in the world market, sharing the principle of “laisser-faire” put forward by the French economic school of physiocrats – non-interference of the state in the […]