A positive effect of competition is that it drives innovation and improvement. When businesses or individuals compete, they are motivated to refine their products, services, or skills to stand out in the market. This often leads to better quality offerings, more choices for consumers, and advancements in technology. As competitors strive to meet customer demands and preferences, they push each other to be more creative and efficient, ultimately benefiting society as a whole.
What is a positive effect of
competition?
1 answer