“Competition is not an end in itself, but a means to achieve better prices, more choice, and more innovation.”
What this quote means
This quote positions competition as a means, not an end. It aims to improve consumer welfare through lower prices, more choice, and more innovation. It reminds businesses that their success should serve collective progress. In a healthy market, competition stimulates creativity and efficiency, but it must be regulated to prevent abuses.
How to apply it daily
As a consumer, compare offers and support companies that innovate and act ethically. Encourage fair competition in your field.
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