How does competition relate to communism, socialism, fascism, capitalism and monarchy

| November 24, 2016

Read the article titles “Competition” that is enclosed in the link http://econlib.org/library/Enc/Competition.html

Please answer the following questions:

1. How does competition relate to communism, socialism, fascism, capitalism and monarchy?

2. To what extent does capitalism include “crony capitalism” and why?

3. What roles are played by: (a) Competition? (b) Prices?

4. Is competition confines only to prices, or does it extend beyond prices?

5. Do competitors relish competition, or do they try to avoid competition? If they try to avoid competition, how do they attempt to do so?

6. Is it the same thing, or is it different, to be pro-competition versus pro-competitor in some cases but not in other cases? Why

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