Competition: Good or Bad?
Competition is something that everyone has experienced in his or her life; it is human nature. In school, students compete with classmates to finish first or to make better grades. In a workplace, colleagues compete to receive promotions and raises. In the business world, companies compete to create the top products. Competition is a part of everyday life, and it is healthy. It helps people to improve, it leads to better products and results, and it promotes growth.
Competition helps people to improve. For someone to win, someone else has to lose. If a person views loss with a positive attitude, they can use that as a way to learn from their mistakes and try harder. By taking the competition out of it, it will take away a reason for a person to improve. Communism is a real example of what happens when society erases competition. Communist countries treat their people equally, and there are no social classes. The State owns everything; the people own nothing except for the clothes on their back. This results in people being less goal oriented. Why work hard for something when in the end, they will earn nothing?
Competition leads to better products and results. Competition between companies often leads to more options, lower prices, and better quality of products. It is good in the marketplace not only for businesses, but consumers as well. It benefits businesses by driving companies to be more creative and to make improvements. It benefits customers by keeping the prices low and the quality of the products high. Apple and Android are examples of two competing companies. Both sell phones, tablets, and other electronic devices. They are constantly trying to better their products in creative and new ways in order to sell them. As a result, consumers have more options to choose from.
Competition promotes growth. Without competition and rivals, I would not have taken the chances or learned the lessons that I have. One of my...
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