The importance of economic competition for industrial organizations and consumers

The main mechanisms of competitiveness of economic entities in the process of providing goods and services in the market are presented in this article. It has been shown, that under such conditions, the strategy of economic competition becomes important, which a set of certain marketing activities is carried out in a logical sequence. The competition is presented as the economic struggle for resource management, providing more favorable conditions for the production and sale of goods. It is based on the fact that through economic competition the organization should produce output at lower costs, with high quality and apply the latest technologies to provide significant revenue and a large number of consumers.