Yes, whether you do like it or not, you would really be having that competition on something.Lets say you've been running a business and seems there's no competition around on your place.
When these people do see that you are really earning that much, then expect that there would really be other businesses same as yours would be raised up and be available.
This is where competition starts and its true that it would really be motivates those business owners on doing the best things or stuffs which is more that better
against their competitor and just like been said by majority that us consumers are the ones who would benefit out.