Adynamic, two-way process that can be broken down into six phases

The answer would be Communication.

Explanation:

Communication is a dynamic, two way process that can be broker down into six phases. Communication is a process in which there are two or more persons involved who talk to each other. Now what happens when they talk to each other? This is divided into six phases. Lets suppose there are two persons who are talking to each other. The chain starts from the first person, who is the sender, who encodes, and sends message to the other person who is the receiver who decodes the message and sends back the feedback. So here is the precise description of the six stages. These phases include Sender---> Encoding---> Message---> Receiver---> Decoding---> Feedback. So in this way, communication takes place.  

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answer; monopolistic competition;