destructive competition

Cultural  

1. Competition that forces several producers out of the market. Destructive competition usually occurs when there are so many producers of a product that prices are driven down to the point where no one makes a profit. It can also happen if a single producer is significantly wealthier than other producers and can afford to cut prices drastically until the other producers are driven out of business.

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Example Sentences

But the current rules and structure of the awards, he contends in Losing the Nobel Prize, foster ferocious and sometimes destructive competition for scarce research resources.

From Nature • Apr. 15, 2018

First, the mania to curb destructive competition through consolidation, both in corporate America through trusts and monopolies and in government.

From New York Times • Sep. 29, 2017

Would you be able, singly or in groups, to screw the slash-and-grab economy so badly that you forced it into a transition state beyond destructive competition?

From Forbes • Dec. 8, 2013

Like most of its neighbours Guinea has a history of violence, weak governance, poverty and destructive competition for natural resources.

From Economist • Mar. 17, 2011

The way in which an ancient Asiatic handicraft like the Indian textiles was literally annihilated by the destructive competition of Lancashire cottons is only one of many similar instances.

From The Rising Tide of Color Against White World-Supremacy by Stoddard, Lothrop