Competition is ultimately more beneficial than detrimental to society
...ve to provide better quality products. Ultimately, lack of competition would act as a hindrance to the development of the society. Competition breeds excellence. With the knowledge that there is a lot of competition people tend to excel themselves in their chosen field. For example, let’s take a look at the computer market. Today we have a range of computers from desktops, laptops to palmtops being manufactured by several top companies. Each company has competitive engineers working for them to bring about several innovations in their products like the flat screen monitors, higher speed computers, more memory etc. These innovations help the consumer to compare the products and opt for the one best suited to him. Sports is another field where competition exists in abundance. International sports competitions like Olympics are in fact a way to create harmony among competing nations. Lack of competition inhibits a person’s urge to develop knowledge, skill and technique. The appearance of another specialist will challenge the others in the same group and encourage them to learn more and do more. At the same time competition can have some negative effects too. Companies when involved in neck-to-ne...