Competition is the principle that the more similar properties there are on the market, the lower the price will be driven.
According to G.F. Gause's theory of competitive exclusion, two species that are vying for the same resources cannot coexist. Gause's law is another name for this rule. A population will push out another population. The competitive exclusion principle, often known as Gause's law, is a theory in ecology that holds that two species competing for the same scarce resource cannot coexist at constant population levels.
Another name for the competitive exclusion concept is Gause's law. When two species compete for the same resources, it is referred to as a scenario in ecology. Gause noted that population values cannot remain constant under such conditions.
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