Progress is possible when you are not afraid of competition. Competition makes your goal a living thing; it ignites that fire within you to make your dream possible. For example, if a writer knows that there are 80 people out there dreaming the same dream, then he will try to perfect his skill in writing, increase his vocabulary and will do all other things to make himself perfect. I am talking about a healthy competition but not of that which involves cheating and murder. Economics taught us that human wants are unlimited.
Does Competition Benefit in Business? Essay - Words | Bartleby
One of the most important mental attitudes that is necessary to have is a positive attitude. Through this positive attitude lens, all successful athletes view their sport as an opportunity to compete not only against strong opponents, but also against themselves as well as an opportunity to learn from their successes and failures. This positive attitude is what makes it possible for athletes to bounce back from a devastating loss. Another mental attitude that is necessary to have is the ability to set goals and be committed. As stated in the previous paragraph, successful athletes set long term as well as short term goals that are not only realistic but drive them to be the best that they can be. Upsets such as this serve to inspire people because they demonstrate on a larger scale that seemingly insurmountable odds can be overcome.
Essay on Is competition good? Is there an alternative?
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Low barriers to entry and exit- if profits are achievable new firms can enter the market at little cost. Homogenous products- no branding allows new entrants to win customers fairly. In a perfectly competitive market: There is productive efficiency- because costs must be kept at a minimum to break even.