Because of the difference between the discipline imposed by market competition and the discipline imposed by political decisions, there is bound to be A. difficulty managing public investment so it's done in a cost-effective way.
<h3>What is a competitive market?</h3>
This is s a structure in which no single consumer or producer has the power to influence the market
The characteristics of a competitive market are:
- Homogeneity of product.
- No existence of buyers or sellers.
- Access to information.
- No charge fr yranascation cost.
- No barries to entry or exit.
Hence, because of the difference imposed by the market and political decisions, the government borrowing cannot be reduced neither will there be an increase in the tax budget nor will the government budget hide the rate of private investment.
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Dialing 211 helps direct callers to services for, among others, the elderly, the disabled, those who do not speak English, those with a personal crisis, those with limited reading skills, and those who are new to their communities.
Kodak's plan to hold on to their existing framework while also integrating the new trend into their stream of function and deliverables is an example of design competition.
The design competition principle affords organizations to hold on to a particular domain or problem space, while also competing in a related market which appears to be a potential challenge to the current trend.
Therefore, kodak's concept of holding on to photography while also moving into digital photography highlights the Design competition.
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