The economy is about competition

[Man of peace]

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..

[summonerrk]

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.

[Mame89]

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.

[JiiBs]

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.

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.

[DiMarxist]

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.

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.

[Odohu]

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.

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.

[Stablexcoin]

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.

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.

[coupable]

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.

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.

[hyudien]

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.

[bitgolden]

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.

[Obari]

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.

[Distinctin]

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.

[o48o]

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.

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.

[Antotena]

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.

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.

[Miles2006]

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.

[iBaba]

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.

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. I think you're attaching emotions and sentiments to business right now and it will not make your business grow but marr it. If you are saying he's sounding so cold and not supposed to act in this manner then you're also saying there are other ways to compete, then I will ask you to tell us what other ways you have in mind. Or is it that you are mistaken business for charity work? Because how else do you want to compete with your competitors when the fail to deliver good products to their customers, are you going to help him deliver those good products to them or what exactly.

If we want to look at business with such level of magnanimity then you will end without having any results to write home about. The business environment is usually a tough and sometimes rough one and requires some level of smartness and confidence to survive. Once don't have these qualities and decide to mix it with emotions, you will have nothing to show and just to mention boldy IT IS NOT A CRIME TO TAKE PEOPLE'S CUSTOMERS BECAUSE OF THEIR NON PERFORMANCE.