Competition is very valuable because it allows the producers of our society to appeal to everyone for the betterment of the economy.
             Competition is around us everyday, but like most normal people we do not even realize it exist. Competition can be extremely good for the economy due to the many positive outputs that come from it. First of all, competition allows for a wider variety of goods and services. With more option to choose from, consumers can then select the item they want which is made by who they want. A great example of competition would be the Stock Market. The market provides a very large number of independent sellers, who usually offer products in large national and/or international markets. This way, it is up to the consumer or buyer to determine which company they want to pursue. Competition also allows the producers to fluctuate their goods and services because if society lacked competition then consumers would be indifferent about what they bought due to the similarities of the products. A competitive market also gives all firms the freedom of either joining or leaving competitive industries based on their success ratings. For just a second, imagine walking into the grocery store with only one type of milk to select from. This means that no matter what you want, you would have to buy this brand of milk because that was the only brand available. The maker of this milk would be allowed to charge astronomical prices because the demand for milk is very high in America. The price for this gallon of milk would not change because people would not quit buying it unless you bring another milk firm into the market. Now if a second company joined the market, the competition would exist, therefore causing the first producer of milk to lower his prices so he can stay in business. Competition causes the different companies to make their products better and more appealing to the American society. Brand name clothing is a very co...