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Markets can behave in ways that are either competitive (my tomatoes are better than your tomatoes) or co-operative (my tomatoes are a perfect complement to your
by jka 5y ago
Markets can behave in ways that are either competitive (my tomatoes are better than your tomatoes) or co-operative (my tomatoes are a perfect complement to your cheese). And sometimes they morph from one mode into the other.
- beaconstudios 5y agoMaybe this is a definitional argument, but I'd say the latter would be complementary, not cooperative. A cooperative model is one where people work together to achieve an outcome, like two kids working together on a school assignment. Outside an individual company, competition is favoured over cooperation, except when companies work together on e.g. supply chains.
- jka 5y agoYep, you're correct about that terminology, thanks. I'll leave my comment as-is because it'll be less confusing for anyone reading yours. It's possible that companies (knowingly or unwittingly) co-operate under some circumstances, though - even if competition is generally the {expected/favoured} model.