markitect-main/examples/infospace-with-history/output/entities/competition-among-sellers.md

Competition Among Sellers

Definition

The rivalry between suppliers when quantity exceeds effectual demand, causing market prices to fall below natural prices as sellers compete to dispose of excess inventory.

Source Chapter

Book I, Chapter 7

Context

Identified as the force that "increases more or less the competition of the sellers" when supply exceeds demand, reducing market prices.

Economic Domain

Exchange

---