Intrasector Competition

Intrasector Competition

 

a variety of capitalist competition, a specific form of antagonistic rivalry and struggle between individual commodity producers, capitalist entrepreneurs, joint-stock corporations, and monopoly associations of capitalists working in the same sector of the economy. Just as with capitalist competition in general, intrasector competition is a struggle between entrepreneurs for profits and for position in the marketplace. Intrasector competition arises earlier than other forms of competitive struggles; it accelerates the differentiations of small commodity producers, intensifies the anarchy of economic development, and, in conditions of capitalism, ultimately leads to countless bankruptcies of small, medium, and even large capitalist firms. In the epoch of imperialism it intensifies drastically, takes on new forms (among monopolies and between monopolies and outsiders), and has a violent and lingering character. As a result of intrasector competition the individual value of a commodity is transformed into a single social or market value.

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