Nature of Competition: How to Join Forces
We work together with others (JF for joining forces) for the purpose of saving the costs of obtaining utilities. Family. Then and now, hunting and gathering is more economical in family than by oneself. We through JF can divide labor across jobs, rely on comparative advantage, extract economies of size, and so on so forth. Needless to say, the sense of belonging to a family is extremely valuable or invaluable in itself. Economically, mentally and biologically, one plus one is greater than two, or 1+ 1> 2 . Right, that’s none other than “synergy,” the buzz word of modern times. Company to a company. After family come friends. The aggregate utility of having friends is similar to having a family, with some differences in kind and degree nevertheless. In the past, friends used to make a company. Now, even third parties make a partnership, a company limited, a joint venture and a public corporation. In economics, a partnership to a corporation is called...