In the context of direct competition, is defined as the degree to which two companies have overlapping products, services, or customers in multiple markets.

Market commonality

Explanation: Market commonality can be explained as the number of market a company and its competitors are jointly involved in. Market could mean segment or division of certain goods and services. Market in this context could mean finance, automobile, telecom and so on. It also measures the importance placed on each of these markets. Market commonality can be measured in terms of products and services offered by competing companies and shared customer base. Market rivalry could be used to evaluate the degree of rivalry as greater market commonality tends to yield increased rivalry.

the act of deciding on matters of the economy. economic decision making is routinely conducted by finance ministers, economic advisors, heads of major central banks and business leaders and can have profound effects on a major economy.