Dynamic competition

Dynamic competition refers to a market environment where companies continuously innovate and adapt to changing conditions, rather than just competing on price. In this context, businesses strive to develop new products, improve services, and find efficient ways to operate, all while responding to customer needs and competitor actions. This type of competition fosters creativity and drives technological advancement, leading to better choices for consumers. Essentially, it’s not just about who can sell cheaper, but who can provide more value and better solutions over time.