Characteristics of competitionCompetition is type of economic competition. It is a situation when each market subjects can enter the market. These market subjects can be examples listed below:1. Assessing the price 2. Determining the design 3. Determining the colour 4. Determining the brand 5. Attracting customers with benefits Basic characteristics of competition is difference of products and services from other producers and salespeople.Example of competition For example spas. One spa offers a...