2. Competition is constant and ceaseless as it goes on all the time. We all indulge in competition whether knowingly or unknowingly
Competition is needed in every business and company so as to avoid monopoly. In the labour market were every trader wants to make good sales, they must device their competitive measures to make a great sale. So competition is a very useful tool for every business.
and if i may add, competition is favourable to consumers. because in this manner, they can avail services at a better rate if there are more than one offering the same service. also, the business owners will have the challenge to make their services topnotch as they have competitors to deal with. it means, consumers are getting better services if there is competition involved. if a certain service is being controlled by one only, they can easily dictate their price and they may not even offer great service as the consumer has no choice but to get their service.