Post
Topic
Board Economics
Re: Competition in business
by
Sticks and stones
on 02/11/2022, 12:38:14 UTC
There isn't a way you can do without competition in business. Being compete with should motivate you in doing a more quality product.


With competition will certainly make us creative and produce innovative ideas, without competition, we are like in a glass that will not develop and always think of being the best, but when there are competitors, we will not be able to compete.

Competition surely brings out the creativity and innovation in producers. And without a healthy competition, goods produced would be of very low standard as manufacturers would definitely choose profit over the quality of goods produced. With competition, manufacturers and producers alike would now be forced to make standard and quality goods out of fear of losing customers to rival businesses. Thanks to competition