Quote from: RockBell on October 16, 2022, 09:46:34 PM

Quote from: Cryptock on October 16, 2022, 09:07:13 PM

Quote from: KingsDen on October 16, 2022, 05:10:33 PM

As a human you shouldn't be afraid of competition, there is competition in every aspect of our life even by nature we compete to survive, will complete the live.
As a business owner if you want to be in an environment without competition you would definitely not grow.
Competition pushes one to be creative and innovative.
It also makes one to take extra steps to achieve success which on norms, they wouldn't have happened.

There is ethical and unethical competitions, the former is favourable to both business owners and consumers, unlike the layer.

Competition is good - if the competition is strong it keeps you activities.
A strong competition gives you a lot of ways to be active - that is nothing to be jealous of but to excel and work to the fullest

Competition actually gives you room for improvement so once any competition is noticed you re-strategies and re-brand look at the case of Nokia and blackberry after some time new phone companies have taken there position that is business for you if you dont work on new strategies then you business is at risk you need to improve, look at Apple the name is already their and they are always improving there product with nice designs and futures that makes everyone wanting to buy their products that is what a business needs, the fact is that the competitors will continue to be there that is just the truth.

The Apple example is a great example you gave. Apple is consistent in producing good gadgets because they want to remain the best company in producing the most prestigious gadgets.
It is because of competition that they keep designing and redesigning and introducing more functionality into their software. The said competition did not only favour them by improving the Apple products it also has made other companies like Samsung to make high-quality gadgets that will also contest in the class of Apple . By this the economy is improved and the human desire is attained.

A dormant economy without competition is programmed for failure. Competition makes companies and individuals to break what they think is their limit.