TITLE:
Efficiency of Focusing on Own Advantages and Business Concentration
AUTHORS:
Revaz Lordkipanidze
KEYWORDS:
Perfect Competition, Economic Policy, Efficiency, Physics in Economics
JOURNAL NAME:
Theoretical Economics Letters,
Vol.13 No.6,
December
19,
2023
ABSTRACT: Note to the reader, this research continues the
application of Physics in Economics towards improvement the understanding of
own advantages and business concentration by perfect competition. For the
research methods, statistical grouping of data and an approximate analogy of
the law of electric current in economic processes were used. The work substantiates
the importance of focusing modern competitive management on improving the use
of its own advantages and supporting large businesses, which maximize the
innovative components of modernity and provide significant and obvious
economies of scale, contribute to the expansion of knowledge-intensive clusters with the participation of local authorities,
banks and universities, the creation of zones for substitution of growing
unwanted imports and peaceful bilateral “economic oases” of medical services in
places of militarized conflicts.