Why do you think competition is good?

Competition pushes individuals, firms and markets to make the best use of their resources, and to think outside the box to develop new ways of doing business and winning customers. This not only drives productivity up, it also improves our own standard of living.

Is competition good for consumers Why or why not?

Competition in America is about price, selection, and service. it benefits consumers by keeping prices low and the quality and choice of goods and services high. Competition makes our economy work. By enforcing antitrust laws, the Federal trade Commission helps to ensure that our markets are open and free.

What is good and bad about competition?

Some studies state that competition can motivate employees, resulting in better results. It can also increase effort, which leads to higher performance. On the other hand, negative competition can elicit a sense of fear in employees, who can feel threatened or pressured in unhealthy ways.

Is competition good for youth essay?

If a person does not face competition, gets everything in hand then how can his/her mental ability develops. People does hard work only because they know that life is not full of roses; competition is like walking on fire. Thus, the growing level of competition is good for a youth.

Is competition within a team a good or bad thing?

A healthy team competition is a great way to motivate staff to join forces in order to outperform the other team. A strong benefit of the group competition is that it encourages employees to learn new skills and develop professional acumen. They can teach each other things within the team or seek out additional resources.

Is competition healthy or unhealthy?

Unhealthy and Healthy Competition. Healthy competition is oriented towards: Advancing the entire field or organization: Healthy competition puts at least some amount of focus on the bigger-picture intention of benefiting an entire organization, industry, or discipline. When an individual breaks a record or achieves something new,…

Is competition a good thing?

Competition is actually a good thing, in fact it’s a great thing. Without competition Apple would have never created their Ipod, Microsoft would have never created Windows, and Google would probably be non-existent. Competition is essential because it leads to one very important thing, innovation.