Business Competition - Competition is an important characteristic of an economic order of society. It could be either constructive or destructive. Business organizations compete with one an1692 Words

Business Competition - Competition is an important characteristic of an economic order of society. It could be either constructive or destructive. Business organizations compete with one an1692 Words

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Competition is an important characteristic of an economic order of society. It could be either constructive or destructive. Business organizations compete with one another. By increasing this competition, the government provides incentives to produce quality and reasonably priced goods as well as helps lessen the inefficient use of resources. Competition is healthy for business enterprises.