What is competition in the supermarket sector of the Australian economy,

and is it desirable? Compare TWO schools of economic thought and explain which one provides a better explanation of social reality.


Discuss 2 different schools of economic thought (Classical, Marxian or Neoclassical Economics) AND use real world example to illustrate. Consider and compare in terms of market exchange, competition, and profits. Explain and illustrate these differences using the nominated real world example.