There are two necessities for an industry to be competitive, first for an industry to be competitive, the industry must have numerous producers that does not have a large market share, second, an industry can be considered competitive if its consumers regard the products of the producers as equivalent.
"<span> The American colonists believed that all men were created equal. They also believed that they had certain unalienable (guaranteed) rights that had been violated. These were </span>life<span>, liberty and the </span>pursuit of happiness<span>."</span>
A developing country is :
"<span>a country having a standard of living or level of industrial production well below that possible with financial or technical aid."</span>
José Protasio Rizal Mercado y Alonso Realonda
