Quote from: TEBTC on August 17, 2025, 12:11:49 AM

WHAT IS A COMPETITIVE ECONOMY

A competitive economy is an economy where no single seller or buyer has a monopoly over the market in terms of influencing the price of the market but market price is only regulated by the forces of simple demand and supply, It should be noted that a competitive economy is usually associated with free entry and exit without any interference or protection by an state a competitive economy gives all participants a level playing ground without any unfair advantage by any party a competitive economy is efficient because firms can't make excessive profit because Competition brings down the cost of production over time which gives rise to economic stability and prosperity.
I wrote this thread because of the tariffs that the united states of America has imposed on the rest of the world which is meant to protect their own economy but looking critically at this very move by the trump administration it is actually a suicidal attempt to put the United State
economy into problem going forward because the fact remains that the trump administration is aimed at protecting the United States of America economy from competition which is not a healthy one because a careful look at history and looking at how the super economic Powers of today such as China, Russia etc they where economies that where open to competitive so over time these economies evolved into a better competitors which has given them access to global economic dominance leading to a prosperous economy over the long period

A good environment for business is essential to build a prosperous country, but it often takes decades or centuries to build up all the infrastructure required. Some of it is "simple" like building effective road networks, ports, rail railways. Others require trust that only comes with time, like a legal system that is fairly transparent with minimum corruption possible. That legal system has to have very clear and defined laws, that are enforced equally, so that inward investment can feel safe that their money will not simply evaporate due to something like theft. Then you need effective public services, like people who manage all the government facilities, police that act fairly, medical services that can hopefully treat you without breaking the bank and the rest all starts to fit into place.