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The phrase "economic competition" is correct and can be used in written English.
It is often used to describe the process in which businesses, countries, or other organizations try to outdo each other by offering better prices, higher quality goods, or more competitive terms. For example: "Since the rise of global economic competition, many businesses have been forced to innovate and offer better prices in order to remain competitive."
Exact(60)
Individual and interdepartmental economic competition and new technologies may renew competitive forces to obtain leadership positions and market share.
Second, on entering sex work, they experienced intensely competitive working environments fuelled by economic competition.
As an economic competition, it seemed an unfair fight.
Economic competition is not a zero-sum game.
The economic competition for Kazakh resources is growing.
But China wins the economic competition in Bangladesh hands down.
The Sherman Act was designed to promote robust economic competition.
"The conflict has increasingly become an economic competition," Mr. Englund writes, "a war between factories".
Sismondi argued for governmental regulation of economic competition and for a balance between production and consumption.
He therefore rejected pure economic competition as a means by which products could be equitably distributed.
The most important economic competition is actually between you and your own imagination.
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economic market
social competition
economical competition
economic service
economic contest
economic champion
economic fair
economic play
fiscal competition
economic challenge
economic rivalry
economic match
economic season
socioeconomic competition
economic competitiveness
businesses competition
economic competitions
finance competition
business competition
economics competition
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com