The essence of competition in the electrical power subsector
Journal Title: Науковий журнал "Економічний вісник Донбасу" - Year 2017, Vol 4, Issue 50
Abstract
The aim and essence of competition is to achieve a possibly large increase in sales revenues for the sup-ply side, as well as benefits associated with the pur-chase of goods and services for the demand side. As participants in a competitive market, businesses by their behaviors and actions wish to acquire production resources, the best possible competences among labor and management staff, as well as new outlet markets. This contributes to strengthening their competitive position. Competition in this case is intended to max-imize their sales revenues and, from the perspective of the buyer, maximize the benefits from purchased goods or services. Competition, therefore, determines the relation which takes place between market participants. In the electrical power subsector these relations depend on the economic area in which a business operates – they will be different for electricity generating businesses and the wholesale energy trade market, different for the field of distribution, and completely different for retail sales of electrical power to end users.
Authors and Affiliations
G. Kinelski
Keywords
Related Articles
- EP ID EP269696
- DOI -
- Views 99
- Downloads 0
The mechanism of institutionalization of public-private forms of management is a constant spatial development of Ukraine
The article has developed and substantiated the structure, content, as well as defined the functions and stages of the formation of the mechanism of institutional provision of public-private forms of management of sustai...
Weaknesses of contemporary management methods in the opinion of polish managers-practitioners
The article presents two issues: a short description of the most important (according to the author) 16 contemporary management methods and the presentation of the opinion of the group of 18 top managers of medium and la...
Investigation of the dynamics of indicators characterizing the stock market of Ukraine
The article investigates the dynamics of indicators characterizing the stock market of Ukraine for the period of 2014 - 2016. The share of the stock market in the total volume of trades on the securities market is analy...
Commercial banks as a mechanism against financing terrorism
In the process of globalization, the need to block financial flows to terrorist organizations is becoming more and more tangible. The fight against terrorist financing is becoming a national and supranational priority, a...
Modern aspects of the innovative development of China
In the global world, one of the main aspects affecting the economic development of a country is innovation, which contributes to sustainable growth, increase in employment, and improvement in living standards. At this st...