Key result
Healthy economic competition, characterized by an atomic balance between the two strongest competitors, is theoretically proposed to maximize market efficiency and improve living standards.
Why the study?
It is a vital and controversial question in economic theory why global poverty remains high despite unprecedented technology development and opportunities for enrichment.
Answers are grounded in this paper and cite their sources.
This theoretical economics paper suggests that healthy competition, rather than an infinite number of competitors, is optimal for market efficiency and living standards.
The work offers recommendations for the urgently needed healthy competition, which is considered as a state of the economy close to perfect competition, which can be achieved with an economic policy priority based on the intellectual growth of society, a qualified understanding of healthy competition, a healthy lifestyle and mass sports, environmental protection using waste-free sustainable development technologies and reasonable use of artificial intelligence. It is considered a vital and controversial question in economic theory why poverty in the world remains quite high, despite the unprecedented development of technology and economic opportunities for enrichment. Using the methods of approximate multifactorial elimination, it was revealed that an innovative understanding of healthy competition is particularly relevant for significantly increasing efficiency and living standards in the world.
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Revaz Lordkipanidze (2025) studied Economic competition and living standards. Healthy economic competition was evaluated. Healthy economic competition, characterized by an atomic balance between the two strongest competitors, is theoretically proposed to maximize market efficiency and improve living standards.
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