Without competition companies would stagnate and not develop or advance, I have worked for companies that have no competition in the market place and have found that although they do quite well at the start, they tend to get stuck in a rut. whereas companies that have competition constantly strive to be the leader
Thanks for the post
Thanks for saying the truth. Competition is healthy and makes companies grow. It will make consumers understand the importance of those products since many companies will be doing advertisement which will even favour all.