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One country's decline is a benefit to another one. It might sound cold and selfish but the truth is that if one economy is declining, you can use this to your advantage. If one country has a failing economy and they can no longer produce high quality products and their trade is losing significance then another country can sweep in and give better offers. This is simply the reality and so economy should not have emotions in because it will not do you good. If you want to improve your financial state, you have to compete. This is true even with smaller scale marketplace. Not a country's but let's say in one city. If one seller fails to deliver good products, you can sell better ones and take their customers. There is no space in the economy for soft hearted because everything is a competition. You have to compete for resources. You have to compete for demand. You have to compete for customers.

Like what do you even mean by "economy should not have emotions"? Can you elaborate on what in what countries economies have emotions? I might have a clue what you are talking about, but i don't want to jump to conclusions

If you are referring to aid programs, those are merely good PR and it benefits everyone to stabilize different regions. It's just more or less closed and sanctioned countries that benefit from decline of their competition. In free trade countries, we mostly benefit if every country of the supply chain is doing well.

The fact is that the sky is big enough for every and anybody to dwell together without necessarily being at a log ahead with one another. if as a company or firm you are able to build your brand in such a manner that it speaks for itself, you do not need to expect another brand to fail just because you want to see yours doing well.

Even when you look at it from the angle of different nations thriving to be be more relevant,  you still have to recognize the fact that every nation has areas where they are good in. some might be Agriculture, others might just be oil and gas, some medical and others might be tech. without seeing yourself as though you are competing against any nation, a nation can concentrate on building her natural resource and focusing just on her strength. that way, it becomes you fighting against yourself and not waiting to take advantage on the weakness of any other nation.

If a country economy is having challenges it shouldn't have to affect there quality manufacturing because there should be sufficient resources for it, unless they intentionally decided to do it on the excuse of bad economy, at that time if there is something they should be more focus on is the quality because that is were some revenue will be originated from so actually if they cannot do that the people they usually supply to will find another country who could do better than them. Improvement is the new state we are because as a country who knows what bad economy could cause they wouldn't want to have it because it will cause a poor internal improvement on them.

When a country is facing economic meltdown or heading to recession that should be an opportunity for them to act wisely by improve in many things, like the standard of goods they produce, making sure to increase there production capacity, any country in economic mess, should not think of substandard goods because countries they do business with are wise too, any funny move can lead them to slide further because looking for new consumers will be a problem unless they will have to reduce the price of the goods which will not be healthy for economic that's such already, there should be strategic planing and implementation.

Economically the world is a global market.  Just as businesses are competing for market share, nations also try to outsmart each other. The competition is so fierce that it could lead to attacks to sabotage economies. China became the second biggest economy because it took advantage of its population and technological development to take over the market share of many countries. With cheap labour and fast production speed China was able to produce cheap quality products. Many countries had to diversify into other areas while they depended on China for diverse products.

It's not actually the complete truth, you may have a point but you aren't putting it in the right way. It will be better this way if your have written that a country who benefits from another country will always be happy if that country is in steady decline, but a country who isn't exploiting another country has no reason to be happy or benefits from them having economical problem.
The country who celebrates the wretchedness and political mismanagement of a country are either their previous colonisers or a country who is exploiting them.

That depends on the exact nature of the trade between the two nations and is not necessarily true.

Often you have the situation that one country supplies a certain number of goods while the other one is stronger in another group of goods. Examples are Argentina-Brazil, US-Europe, Europe-China. Thus, if in such a constellation country A is having a decline, it will also affect the demand from goods from country B, and thus it is not necessarily positive.

Only if there is much overlap between the goods produced by both countries, and at least one of the countries isn't really importing goods from the other one (and thus doesn't affect demand on their goods) then there may be an opportunity for a country to capitalize from others' decline.

In general, often the general rule is the opposite: the stronger all countries are, the better the opportunities for a single (export-oriented) country to also improve.

This does not mean that the thread title is incorrect, but the OP's view is far too simplistic.

The collapse of one country isn't always beneficial to another. If a country supplies other countries, it can mean losses for the entire ecosystem involved. Countries often owe each other money; this is part of the economy. If a debtor country goes bankrupt, it means default and losses for the creditor country. Therefore, I don't believe one nation can root for the collapse of another.

Regarding competition, it's normal and even healthy when countries improve their production, technology, and other aspects. This creates opportunities for choice, competitive prices, and better products.

See signature campaign, not everyone get accepted, as simple as that.

Personally I think this is a soft competition, it's fair the country only want to get the high quality products, unfortunately this country can't meet the standard. What about other country hijacking in the last minute before the trade deal? how about other country intentionally harm the product? how about other country making a false information to ruin the trade? etc.

These thing I called the real competition, even you're right, other people might see you're wrong.

The main thing in economics is money. So how you improve your business organization or how you benefit yourself economically should be your personal strategy and that strategy should not be harmful to others.
Countries are also competing with each other to improve economically. Basically, it is difficult to do anything good without competition. Be it education or business or country.

With how the world has been ordered there are countries that no matter what efforts they give into boosting their economy to be competitive they can't excel beyond their colonisers who have crafted an existing system of structure that is made to keep the former colonies dependent economically.

The economic competitions are patterned between the dominant countries, and between the weak countries. It is in this strata that the competitions are equal with the benefits. The opposite has been of unequal benefits the weaker countries soft-soaped into conditions that will never create an expansive development to her economy to be self-sufficient and indepe of their exploiters.

I ever read this on social media "if you're in the competitive situation where there are so many people want the same thing like you, you're in the right place".

I understand it now, almost all people want the most shiny thing, there's no way people wouldn't want that. If you can't survive in the competition to get that, you must able to accept to lower the thing you want.

It might be not the most shiny, but it could be just shiny, a bit shiny or no shine at all, the lower the quality, the lower the competition.

Economy is definitely a competition and it has been this way since time immemorial. Like you mentioned if a seller fails to deliver to his or her client, it very possible that a competitor can seize the opportunity and take his clients or customers. It is very important that you have to stay competitive all time if you don't want to be left behind. Customers or clients are always looking for where to get goods and services when they need it and if you can't deliver,  it's definitely your lose, because other competitors will definitely deliver the goods and services. That's why most countries practice competitive market or economy,  so the clients or customers have options and not depend on only one producer.

If I am the leader of my country and I'm trying to improve the economy for the benefit of my people, how does it become competition? Do you mean that if you are poor and you have people around you who are working very hard to make money, and if you need support or a loan you can get from them, they are competition for you? The truth is that as a country, if the economy is very bad, you will always rely on other countries whose economies are doing well; there is nothing like competition.

 Countries that are working very hard to improve their economies see the reasons why they are doing so, and those who can't put their economy in good shape should never see it as competition.

Not like that a country experiences an economy plummeted, if they have abundant natural resources, how to compete like you mentioned that individual competition, the country is not the case.

If another country experiences a bad economy, they can strengthen relations through trade agreements with other countries or cooperation in economic management and natural resources in that way a country that has economic problems can be Expanding international market access, of course this can improve their economy again, the method is often done by developing countries such as Russia and Italy, Germany imports goods and is included in the United States in the field of liquid or raw natural gas with Russia, as well as other countries such as China and so on.

The point: the state does not compete in negative matters of fighting over each other, the state is not individual, they have defense and international law, not as economically as people sell food with people selling beverages next to each other. fighting over each other.

You outlined many things that happens in competition, the truth is without competition in the economic settings some nations will want will just feel that they can offer it all whichever way to the countries they do business with, so is either you do it better as an individual country or other serious countries that can do it better with good offers and good negotiation style take you out of business then you learn the hard way, in competitive economy everyone wants to improve their standards on daily bases, no one aren't ready to give give a way for because if you do, you might be surprised to see the otherwise, although depending on one producer may result to disappointment that's why consumer countries try as much as possible to get wilder options.

To be honest, I just do not buy it. Who really wins when an economy is in the toilet?  No one! Laid-off workers, companies struggling to make ends meet, and suddenly everyones pockets feel a little emptier! Fewer customers results in less sales and more stress and we see a dip in the global market, not just in the country under consideration.  And when there is a collapse in trade in the one country, it doesnt mean that there is another winner, or that they get a free ticket to success because of the collapse.  The whole pie just gets smaller. No one wins, it is a lose-lose honestly.

An example I am assuming (I am not OP) is that, if a whole Walmart opens near a mom and pop shop, economy should not care about them at all, they should not be looking at what the yare looking at, they should be considering their own profit.

Walmart is not responsible for what is going on with what happens to that mom and pop shop, it could be bankrupting and taking a whole family down and making them starve, it could get as bad as it gets, and we would be doing something terrible, but there is no emotion when finances are just numbers.

So we should definitely avoid that as much as possible if we feel human at all, but they are just not doing that, and that's the most obvious reason why we are seeing this.

It can't really be exactly under their control. Because bad economy will cause a domino effect and they are always going to have to make some sacrifices because they can no longer supply for quality products because they can no longer afford it. Or something. You can only do so much with a failing economy.

The whole world is moving forward in a competitive manner, if you keep yourself behind you are financially lagging behind. If you want to participate in any profitable project, then before that you have to move forward according to the plan such as whether your capital can carry out your business strategy with the amount of money you have or you have to borrow. Some banks are ready to give you a loan to start a business, so you should consider whether you have the available amount of collateral. Without taking a loan you may not be able to properly set up a big project. The market competition will try to crush you so you have to maintain the quality of the product and take a strategy to supply it at a low price according to the demand.

I wont agree with you here. When a country is going through economy downturn they lack the necessary resources to manufacture products. Basically, the resources are available in the market but the cost of getting them will be high unlike the way it used to be. Normally, they dont need to use the little they have to push in quality since they will be having less production and it will also affect the market.

What they need at the moment, is to shift into producing something else they can sell out. Similar to what OP is saying. If they cant afford to produce new things, then they can offer services to other countries. giving them what they have in return of the resources to foster production in their country. One thing I will never forget is how trading started. It started long ago, between countries and the world war pushed for countries to become allies and rivals. Trading has not stopped. Countries are still trading between each other and I think that is what every country needs to do if they want their economy to not get so bad that they cant afford to continue production. 

this china you talked about is one of the most smartest country i have ever seen in taken advantage or leveraging on other countries weakness. they offer help in giving out loan and cheap labor to country that cant manage there resources. after offering help to this country by given them loan, if they are unable to pay back, this country will give them their any asset in return as a pay back of loan and from their they begin to manage such resources in another country sending some population to such country to work and capitalize on such weakness. well i dont have any prove now to back up my claims but i know most of them occupying some company in my country and are dominating and producing cheap material to beat the price of goods in my country and they are beginning to make a lot of money from that.

Smart economic actors will exploit even the smallest loopholes to achieve their goals. Competition in the economic world is fiercer than any other because their focus is solely on profit.
When a country experiences an event that causes economic turmoil, that's where they find an opportunity to operate. Competition isn't one-sided, but multifaceted.
It's no surprise that someone can instantly reap substantial profits from what's happening. That's because they understand how the game works.

Having a substandard product keeps country backward and would even complicate everything about that country against those they would be distributing to because somebody cannot give you a low quality products in disguise of a high quality and after paying a lot for it and it could not serve for the purpose and next time you would expect such country to buy from them again?, actually if is in business with how bitter such person would be they they will go back for refundment or they will not will not allow there money to go that way and for country is more of an attribution to there economic recession because they would definitely have a bad relationship with all the countries they send the fake products to.

So are you talking about US government helping that that mom and pop shop? Because, you do realize that they are subsidizing that Wallmart as well. So why would you even focus to that smaller shop when bigger companies get way more help?

And all that subsidizing literally exists to boost economy. You couldn't afford to buy gasoline without them and economy wouldn't be running.

You are correct that competition sharpens results. Ineffective producers are replaced, weak systems collapse, more powerful participants emerge. What is concealed in that framing, however, is the human cost. When a nation falls, it is not only the GDP curves that get shaken; millions of lives are being destabilized. This is not your chance to take away somebody's pension. It is the type of instability that can spread, both politically and economically. Which is to say that the "cold logic" of competition tends to rewrite itself by way of backlash, regulation, or conflict

On the small scale: yes, the more competent seller steals the customers. But do you see how that advantage is soon a trap as well. When you have the customers, now you are the target. Compete long enough, and you find out that the market will not reward kindness, but it will not reward endless aggression either. It rewards flexibility, timing and knowing when to fight. This is why not only the most powerful companies of today do not merely outcompete. They buy, consolidate, lobby and mould the rules

Competition is essential in economies to promote development, and compassion is also essential in the lives of people to survive in them. Take one away, the other falls. No empathy cold competition results in riots. Pure empathy and no competition gives stagnation. The point of the game must always be knowing when to lean on which, since the survival of the market is secondary in the long run to the survival of the humans who constitute it

Decline isn't always the case though. I will like to use US for example, most demand of trades comes from the US, even China, Canada, Indian can't do without them and that's why they were trying so hard to bend for Trump the other day when he imposed increased in trade tarrifs to them. If today US economy is affected, it's going to affect other countries that highly depend on them for sales. If India has a rough economy on their pharmaceutical industry, the rest of the African countries are going to suffer because that's the only place they get the cheapest medicines.

The only time an economy decline favour's one when two countries are in competition of exportation, let's say China is number producer of silk materials and are well known for it and Germany also produce silk materials but all of a sudden Chinese is hit by an outbreak that made the country to lock down for long time, Germany is going to have the opportunity to make good sales to other demanding countries boosting their economy while China suffer a decline in sales.

And the way the world is moving forward, everything is becoming more difficult for people because most of these improvements people cannot even afford, so what is the essence? And it is now as if what we are seeing in the movies is beginning to happen in real life, because what is all this, and where are all these expenses coming from? And instead of life getting better, it is getting worse, and we are losing more than we are gaining, that the most annoying thing. The economy is just not friendly, and inflation is hitting everyone. And even businesses are being affected, and people need enough funds to even enjoy their business, and aside from the competition, there are plenty of factors that will just affect the business one way or another, so planning is very important so that the business will not crumble.

It is a competitive market, and you do not need to wait until a seller fails to deliver before you swoop in to take advantage. Immediately you are able to identify a competitive edge in the market, a way to deliver better quality that what already exists,you can get in market. Consumers do not care about emotions, they will follow the better quality service or product that is delivered. Competition in the market within a country and in the global environment, helps encourage countries to keep trying to improve on the quality of products and services they deliver so as to remain at the top of the market.

You are right, but its not always having the best product, service, branding or whatsoever. In the modern world, its about having the strongest network of marketers to show visibility. When you are in competition it forces you to improve in quality, but what should be more focused is drafting the right business strategy because even the best in the market can be overlooked. For example, Temu run adverts in my country, in fact they did that world wide, but before now we have Jumia and others. People are gradually trusting Temu and ordering from them more.

It depends. If there are two countries in competition to supply a certain product to the global market is when this will be possible. If it's only one country that supplies majority of that product to other countries, it will become a problem for these countries depending on the country with declined economic because they have to look somewhere else to get this product and that might cost them more.

That may be true to some extent, but it ultimately depends on whether the other country has strong and effective leadership. The truth is  one nation's decline shouldn't be a prerequisite for another's progress. The world is big enough to allow multiple nations to thrive at the same time. With the right leadership and smart decisions, any country can grow its economy and boast its global standing without relying on the downfall of others.

Some will even because of opportunities to take charge of what belongs to other countries cause chaos in another country, so that they can intervene and help with the situation, no one can help us achieve the best we wanted like the way we can have for ourself, we should also not depend on others for a survival, because if each country understands the way they could run the economy well, there wouldn't have been much dependencies for foreign supplies, instead they should take the challenge for competition and pursue after what's good for them.

Every economic actor must be smart in spotting opportunities and capitalizing on them at any moment. As you said, all economic actors share the same goal: substantial profits with minimal capital. Therefore, competing in the economic sector requires specialized knowledge, setting targets, and possessing a greater level of influence to increase our competitive advantage over anyone else. I won't deny the existence of competition in any field, as it is always present, especially in a world directly related to money and the profits from the businesses we run.

Why when a person/entity/country offer better product/service, people will see they're like a bad actor?

They're not doing anything harm, they just do whatever they can to make better product/service, they have no intention to ruin your business/life.

If we talking about a country, as long as they're not make a competition through war, they're fine.

It is not about the heart being soft or hard it is the market and even if one seller is supplying the products you should sell too, because two sellers are better than one seller and same way more sellers are better then less sellers because this is a community and in a community demand never dies and if the product is very essential for the daily life.

Then it does not matter how many sellers are there and it does not matter if you are attracting the customers of another, it is all about competition, you will see two restaurants or multiple restaurants in the same community and all of them are making money and providing food. The demand is the key to this, if there is high demand, provide it, it will not only make you money but it will also increase the growth of the economy as well bro.

The sad thing is, the humanity has enough resources for everyone. It's just that for the name of innovation, we do not let everyone live a better life. Because it's simple, the world has a lot better stuff than we had back in the day, entertainment, medical, political, education, construction, food, everything is better compared to 200 years ago, or even 50 years ago. Technology is not something I will even mention, that is going to an insane level.

When you realize that, the point capitalists have is that, it's possible because we have made it possible by giving incentives for the people who innovate. If take from Elon, and Jeff, and give to people who need it, then we are not going to have people who are incentives to build more.

Economically,competition in businesses is valid, businesses like to compete with others to attract customers,improve and increase market influence.Everyone is running faster and chasing to win customers,money,and market power.This competition ranges from price, quality, customer service approach and uniqueness.Only strong businesses can thrive,survive and expand.

This is a theoretical model of competition. In general, there is no ideal competition (described in economic theories). All of the above will be the last thing any corporation will do if there is no other way left in any industry. Now this is the way of technology corporations (and this means huge costs).

For the real sector, everything is completely different.  Usually, competition is not about improving quality or lowering prices, etc. Competition is about eliminating a competitor in one way or another. Or a competitor has failed for some external reason. For example, the growth of Chinese automakers and the expansion of sales markets is not a gain in competition at the expense of quality. This is a consequence of the loss of sales markets by competitors for reasons unrelated to the automotive industry.

It's always like that from long ago.

When US is trying to move manufacturing from the US, other countries are already offering up to accept manufacturing and pursue investments.

Economy it its purest form is just competition anyway moreover the universe is all about efficiency, so be the most efficient competitor to take all the benefit.

You're getting all of this the wrong way and it sounds so cold actually. We are aware of the fact that competition is inevitable in every aspects of life but then not in this manner. There are ways the other party can come in when another is not having the available but your illustration clearly defines  a sign of greed and hate for the other. You have to compete but in a well communicating manner.

No!!! This is far from being a general rule or somethimg "predominant"... I even agree with you that these situations may have existed, but I think the scenario are quite opposite: When the economy of country is unstable, it ends up negatively reflecting at other countries... because thereare a mass migration of the population to neighboring countries,  geopolitical risks that affect several economies, trade from that country, which was essential to others, ends up generating a cascading crisis... anyway... I think youre wrong!

You know what I believie? That there are far more examples of success based on cooperation between countries than on gaining advantages when they are crumbling... its collaboration between them in value chains, trade, and even technology that has caused great revolutions and growth in countries.
Want a good example? The post-World War II Marshall Plan, where the US could have exploited Europe, which was completely ruined, but instead, what did they do? They chose to finance their reconstruction :D

While that sounds doable, if a country or just a specific area's economy is failing. It's hard to get into the shoes of everyone when the majority is struggling. Even the competition of logistics is having difficulty so it's not easy to get on that while everyone is struggling. You might get some customers but it will take a while until you'll able to build your consumers in that specific area. Just like when the covid hit, many industries have struggled, although some specific ones have thrived. And even so, it's not a guarantee that you'll also thrive while others do.

This is the sad reality on ground that most people don't know that life is a battle for survival nations which has made it to the top did not just get there but it was through competition and trying to improve what they have by improving on existing products so for anyone to attain financially stabilize such a person must compete and fight his way through because life is battle

Well, when it comes to two sellers within the same business, I do agree that if one isn't able to provide good products or services, the other can do better and have better revenue as a business, but when it comes to countries, that's not how things work, because international trades are not like local businesses, where a country can start providing the same product or service that another country was providing before but isn't able to do it properly anymore, because those are large-scale trades, and countries can only do trades in things that they mass-produce, which means that you can only replace another country in a trade if you have the same product in a large quantity available to be traded.

That's why, we can discuss about businesses within an economy and how important it is for them to always keep improving their business and the products and services they offer to their customers so that they can stay ahead of the competition, but when it comes to countries and their trades with each other, things aren't as simple as you explained it in your post.

Everything is literally competition this days, in business, lifestyle, career, skill, and anything you can name. When a customer is no longer getting satisfaction from his supplier or a place he or she buys things, he goes out to seek for a different supply that can give him or her the kind of quality services they want. That's why it is very important to continue learning and developing yourself both in your business knowledge and skill so that people that advance more than you will not take over your customers from you. Business lose their customers to other business that provided a service that the customers was not getting from his initial business. It goes on and on, so people needs to keep improving.

Competition is in every thing in life and the battle for survival can not be sweet without including competition cause it is the best way to examine a person that is growing and a nation that is experiencing more productivity than the others, in a nation where there is no competition people will become too careless to do something reckless before there are no one to take over when they find it difficult to do, same thing goes to a nation without competitors they will not do the necessary things but when they observe that another country is doing something better they will definitely what to adjust the way they do things.

This is oversimplification. One country could benefit from another country's decline, but there are examples that show the opposite is possible as well.
One country could benefit from another country's economic growth. When your neighbor country is experiencing economic growth, your own country could export more goods to the neighbor country and sell more products to a growing market. Yes, there is competition, but there's also cooperation.
Countries become wealthier, when they trade more with each other. When a country is facing an economic decline, foreign investors might decide to create businesses and buy assets in that particular country, reaping the benefits from cheaper labor costs and undervalued asset prices.
Economy and global trade is more complex than you think.

It is true that if a country starts to decline economically, then another country will definitely benefit. When a country starts to go down in an economic crisis and if its neighboring country sees it and can export high-quality products and production to become prosperous, then they will be successful. It is certainly true that if a country is to move forward economically, it must trade. If trade stops, a country will quickly start to decline economically. There is competition in every field. Every country competes to move forward economically. Only the country that can produce well and can succeed in trade can move forward economically, every country tries to improve their production and exports to make them economically prosperous. Every country competes for customers. Countries that have more investors and can trade more can move forward economically.

Yes, modern business is a place where big sharks eat little fish and the best story that can be cited as an example is how Starbucks captured small American towns with their small coffee shops.
They had a very cruel trade policy: Starbucks would just open one cafe in the city and make very low prices there, and because of that all the customers would go to them and because of that the small coffee shops would go bankrupt. And then the price would go up very much.

In my opinion, what you've said generally applies to all countries. When we talk about trade competition, countries that can produce goods at a lower cost, like China, have the opportunity to become more developed. Meanwhile, every country certainly has key resources to support its economy. In many cases, developing countries find it difficult to become developed because they are so far behind in technology and industry.

Investors won't come if a country can't maintain its national stability, both legally and politically. I think this is the most difficult challenge, especially if the government is corrupt. Ultimately, instead of becoming a developed country, a country that fails to enforce legal certainty will naturally remain a consumer country and dependent on other countries.

Also Starbucks like other business giants offers small business owners had to reject money to see their business to them giving them control and eliminating competitions. Mark zuckerberg did it when he bought Instagram and WhatsApp, big business men can grow fast by buying out growing competitions and if the find the previous owners capable they keep them to run the business for them.

Yes there will be an effect on them certainly but producing non quality things are not supposed to happen because the adjustment they would need to do is to produce lesser quantity and no longer the large quantities they usually produce because meeting the usual quantity is were the non quality will be produce do to insufficient materials so is better having 50 quality items than having 150 products that is not standard to be use. This is applicable to the trial time in business because you will need to make a good decision that will not affect your business and also the customer even if the profit drops.

The only real purpose of capitalism is to allow the most efficient product, once it stops enabling efficient advancement it becomes as bad as all the other failed systems of trade we're tried and suffered under.
   If an economy fails, its correct to say it should benefit someone because the failure is not for no reason.  The recovery comes from that enablement and reordering that originates in the failure.
  I always think that about small sectors like housing, people complain if the price falls but its actually necessary to allow people with less capital access so the entire cycle has a purpose and that's how I look at each economy doing well or not; the bigger picture is the real purpose.

You're right modern business is a competitive place that involves only business that are serious about competing with others, competition actually bring out the best in an establishment as it will make the business to bring out the best in the business because competition will bring out the areas of weakness of the business.


For any business to stay competitive then such business has to stay ahead of others by looking for business techniques which are not known to others which will involve research and technology

I agree with this point because there is a country that I know of whose Industries and airports have almost been taking over by the another country because the defaulted in the loan to them. And we have that country who is the economy is already feeling being flooded by imported goods from the other country that has loan them money.

Even when you think about it, the poor economy of a country pushes them to become heavily reliant on imports of everything. Imports means that the citizens will spend more money and get poorer which means more and more from other well doing countries that come in to offer bailout loans and aids.

You are right. By being greedy and hateful, someone will have difficult surviving on the market on long run, because he won't earn trust from customers and potential partners. It's possible to be competitive aiming to offer quality services to the public, while still adopting a constructive and ethical stance towards the environment around.

The mindset that economy is all about being a greedy dog looks too fanciful and inspired on movies.

That kind of thinking of being greedy and hateful and trying to bring other competitors down isn't good for the overall status of the economy.

And that is they're going to bring other business down for their business to get up. It's unethical but sadly, this actually happening in the real markets and competitions.

While competition is a tough thing for businessmen, this is a norm for them that have embraced it for so long. They know how to attract other customers and this is why the one that stays longer are the ones that does honest business.

I am still trying to figure out how other countries compete with a country with failed economy, a country with good economy is only taking advantage of you not competing. Competition is actually between two or more countries chasing the right goal, whoever gets the customer wins, but your explanations is different.

Anyway, I got your point, a country with failed economy only ask for support from other countries but not free, which usually get paid back or been giving a collateral or something. No economy is 100% stable and self dependent, they actually needs help from each other a way or the other.

Well what you said is the true facts, it's even good for something to be in a competition, because through that competition,it will help to grow faster and you will be more serious to  whatever you are doing because no one will want another to gap up,so competition really helps both countries economics and individuals businesses.

Because competition can bring about, seriousness, punctuality, humble, reliable, industrious and trustworthy, originality, because every one wants to be the best.both countries or individuals. But inability for a country to competite with other brings about poor in a economics system, unproductivity,poor development, because you failed to imitate from other countries..

But competition is more safer when it comes to countries to countries, other than individuals businesses.because when it comes to individuals businesses, competition can lead to enemity, envying, killing and rest of them,most especially those in the same business lanes..

Everything is said correctly by the author of the topic. And of course I will add that I would like the competition to be not only huge financial giants like you and me, but also small companies consisting of literally several people would also have a chance to compete with them, at least at some specific initial stage. So that later these small businesses would also grow into the same giants with the availability of good services or goods.

Absolutely true. Competition isn't just a phenomenon in the economy it exists in any field, whether on a small or large scale.

A very close example is in the business world. Competition is real, even cutthroat, because those who don't innovate will be eliminated. Just look at the BlackBerry smartphone, which used to be considered the king of smartphones, but they failed to innovate like Apple, ultimately sinking. Similarly, retail stores in traditional markets were once very busy, but now they can't compete with online marketplaces.

So competition is real, whether in business, work or even in countries. If you don't keep up with technological developments you will be left behind. Innovation is like a lifeline for all our competitive activities.

A monopolistic society has never been one that encourages development. What you get mostly is an imperfect product that would be over priced because there isn’t an alternative. In an economy that welcomes competition, you would find merchants that are very willing to offer quality products for a fair price and it pushes for improvements of the quality of service and product to stay relevant in business.

In today, we have several start ups focusing on using recycled materials in their productions to cut cost and also meet up with competitors, they don’t really get crushed by how large older alternatives have been.

You are absolutely right, ad you also highlighted out good points. In businesses and economy competition are actually real, when a particular person's business is not actually growing a person can actually use that opportunity to grow his own business, it may actually sound funny or not real, but to be honest that's how business markets works.
Taking example if a country like china economy drops in production value and can no longer produce product like, iphone, South Korea take the lead and offer better deal of production as they are even best know for Samsung production, this are just example of same thing happening in local markets, if a seller is no longer meeting up to demands of the the consumer another seller will be there go do it better and offer them a better opportunity.
To grow financially in business one need to be Smart and competition and always look for opportunities, this just the simple truth to grow in businesses.

Competition exists between countries that have the power to compete with others like US and China, Russia and European Union and so on. Between the big economies and other smaller countries, it is purely oppression and subjugation. The countries with the military might will not spare any effort to oppress the others, mess up with their systems and institutions in order to get them to comply and accept IMF and other instrumentality of advance colonialism.  Till date, Africa is not allowed to refine her natural resources because there is no political will to do so since the West still decides who leads in Africa.  Middle East is boiling and behind the turmoil is a hidden interest unconnected to the supper powers. Ukraine is at an avoidable war because of interest of some people. Many African countries are in endless way and terrorism attack so that their resources can be mine collected for free. These are not competiton but oppression and subjugation.

We are going very far talking about countries why it is something we see in our local companies within our region. I haven't witnessed only one company doing production of goods without having a competitor. Competition is what makes companies try to make upgrades in their products wherever they can. It is applicable to countries, always alert to know where their competitor is failing in order to take advantage, it is not something to frown about but consumers will want to use the best product, that means the company has to follow suit.

It's a competitive system between economies based on the mechanisms of the free market and global concurrence. In a big system called Globalisation, national economy changes to be an opened competitive market where countries and companies compete to obtain the largest portion of the markets, the resources, and investments.
Globalization lead to the intensification of this competition by removing trade obstacles to facilitate the movement of capital, goods, and services across borders. This created an interconnected global economic system in which countries and companies compete for leadership in each industry, generating developmental dynamics.

You are right in giving an example of economic competition on a small scale, I agree with that because of course the better and higher quality products offered compared to other competitors' products, the more successful your business will be, but that is not entirely true on a global scale or competition between countries, it is not necessarily true that if country A experiences a downturn it will benefit country B. In reality, currently many countries are working together.

It is not a simple fact to create this type of competition. You can't force people to start competing, there are cases where it's even against the law to compete. In my country for example, gas prices are fixed, government decides on what it should be, because they see how much it costs for companies to get it, and they see how much it would be to profit, and they limit the price.

So if these companies wants to make more, then they have to offer it to more people, not sell for higher price. It's also illegal to drop the price. This happened because back in the day some rich dude (sort of like standard oil story and same here) made it dirt cheap, bankrupted everyone else, and bought all competition. Hence we do this to prevent that to happen again.

Healthy competition is a good one and as a progressive country. We truly need a lot of competition in all the sector of the economy and just incase you ever paid attention to the fact that. The world has already been designed to be in competition for the world to grow and stay progressive and that’s why we have to measure everything and grade them and in schools we grade them into positions and in higher institutions we grade them into degrees and in life we grade them into lower class, middle class and the upper class.

In conclusion, just know that, competition should be always welcomed but the type of competition should be scrutinized before letting it in.

Where there is a competition, that only means that we are living in a healthy economy. Everyone aims to improve and create progress, that’s the real essence of competition. You don’t settle for less, but you always go for what’s best to offer. And while the other party feels confident that they are the leading one, not knowing that the other party is also in the working process, not to achieve equality, but to surpass one’s party and exceeds the people’s expectations.

And where the competition stops, that only means a failing economy. A good economy never stops working and creating progress, but a failing economy just stops there, without future plans and actions that will bring him into its future success.

You would have to define "failed economy", as all economies have flaws in them depending what are you looking at.

But i am sure that you are aware that most countries have pretty much transparent yearly budgets that you can look for. And their import and export data tells you what they lack of and what they can use to bargain with.

And most countries have multilateral tariffs to balance their trading, because most countries can't produce everything themselves with dirt cheap materials. That doesn't mean they are failed economies.

Everyone is try to be at the best side of the economy, the person born with a silver spoon want to be at golden level and people born at poor level either want a middle class lifestyle or want to be at the apex of the economy. This is what everyone is doing in all levels, companies that are under the lowest level of economy want to be at the higher level and be at producing at high supply, it's all about survival of the fitest that if you don't do well, you are will be out of the competition.

Even at falling economy, there are companies that do survival the hardship of the economy, remember that when it doesn't favor some people, there are some people it does favor, when other people will be complaining about the economy downturn, that's when they make money. There are some companies that doesn't fall out no matter the economy hardship, all they do is increase price of things when there is inflation and people have to buy what they sell because it's a need, not want.

Common sense without even thinking much, every business with their different aim meanwhile involving country economy might as well sound common. We see different foreign goods and it’s left for the masses to choose whose product is more better while those with low income still prioritize low quality goods as usual everyone with their different decision. Reason why modern technology are being created just to keep the competitive standard active like modern businesses still need technology to function most especially productive mindset. The capital matters and if the economy is unstable everything will be unprofitable for example few business can’t meet up the pursuit and the stronger one takes over every profit, we’ve discussed modern business relating with economy status and the competition involve severally, honestly no business will function as expected without a competitive mindset.