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

But their ambition and their industry bring the momentous problem of destructive competition.

From Races and Immigrants in America by Commons, John R. (John Rogers)