How to Do Explanation of Competition in Economic: A Theoretical Review

Competition has attributed to a multilateral concept through process of economical, social and technological advancement, so is considered to be an evolving one. In general view, competition is defined as a peaceful mean to control the opportunities and advantages requested by economic agents. No doubt, variant explanations of competition concept have been affected to evolve in resources, advantages and opportunities and also change in ideologies and values. Main goal in this article is having a review a presentation about variant explanations of the concept of competition in economic thought. In this framework, efforts have been made in draw line between different approaches such as Classic, Marxist, Neoclassic, Imperfect competition, Schumpeterian, Neo-Austrian, Structuralism and New institutional view points in explanation of competition that will be known through identifying main explanatory variables of competition. These variables are called “information bases” by A.T. Sen.