Post
Topic
Board Economics
Re: Competition in business
by
Rockstarguy
on 14/10/2022, 22:35:53 UTC

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.

Business is all about Competition, their must always be competition in business. Competition all the time is what will make a business grow. People are looking for the best and every business is trying to have the best product for consumers for sales to be fast. When their is no competition I'm business it makes the business to be stagnant in sale and their won't be much demand in the market for such business. Competition in business has kept so many businesses consistent in making qualities.