What is good for local commercial companies is also good for internationally competing companies. The same principle applies to states in their economic and political relations, as new decisions cannot be made without studying what the other parties are planning. Competition creates caution and anxiety in the markets. However, it is not enough to focus only on these facts. These facts, which formed the basis of what is known as tenders or auctions depending on the decrease or increase in price, brought attractiveness to the science of economics but made it more difficult. The awarding of the Nobel Prize in Economics in 1994 to Americans (Harsanyi/Nash) and a German (Selten), and to others later in the same field, indicates the world's recognition of the scientific development of economics.
Principles of Competition in Economy and Politics
Competition principles, applicable to both business and politics, require careful analysis of opponents' plans. The Nobel Prize confirmed scientific progress in this field, making economics both more attractive and complex.