Why is competiton good for business?

In some shopping centers you see many shoe stores, etc

Competition is good for the customer because it insures a broad spectrum of choices across price level, service, quality, style, etc. It is also good for business because it makes them responsive to customers and efficient.

well : it is because of Certain Small Business types knows
about Business & Finance also Advertising & Marketing
are very important as Sales of Goods just price compairision
towards those Manufactor and Retail Stores

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