Competition and competitiveness derive from different theoretical Essay

Competition and competitiveness derive from different theoretical frameworks and UK policy has failed to assure adequately between the two. Explain and discuss - Essay ExampleThe competitiveness policy encourages on benchmarking whereby an enterpriser visits an opposite competitive entrepreneur and finds out on what he/she does in order to attain his/her achiever (Bristow 2010). In competition, every business is always straining to win the other by getting virtually of the customers on its side and non by merging and obtaining monopoly to exploit on the market. This is because if an entrepreneur exhibits monopoly power, he or she may exploit the market when there is no government interference.Marxian views competition as the act of competing for agriculture, smashing and workers alongside competing with other business and firms for profit making (Tan 2014). This means that a business unit essential compete for the workers and it should provide reasonable pay for workers. Thr ough this, they can be able to attract workers from other business units and this makes them shake adequate labor. They should give their workers allowances and other benefits to encourage and motivate them. The business unit should not overwork the workers but instead they should give them a reasonable pay.Secondly, the business unit should also effectively compete for land as a factor of production. This simply means that the business unit should have enough money to buy adequate land since often businesses have to expand their premises. For a business to be successful then it should have adequate land to carry out its business activities and land is a competitive factor hence they should strain to get the best available land accord to the land use. Marketing business units should also strain to get land near their market turn mineral based business units should strain to get land within their mineral extraction location and the market.Capital is the money needed to start and run a business. The business units should find the best financial institution where they can get access to loans and other financial support to run their businesses. Finally,