What is competition? What is its role in the economy?

Competition is the rivalry between market producers for the best production and marketing conditions. The presence of competition provides favorable market conditions: continuous improvement of production, reduction of production costs, improvement of product quality, a wide selection of quality goods with different price ranges.

Remember: The process of learning a person lasts a lifetime. The value of the same knowledge for different people may be different, it is determined by their individual characteristics and needs. Therefore, knowledge is always needed at any age and position.