Competition Quote by David Lidington
“Open and fair competition within free markets encourages innovation, meaning fresh perspectives can be applied. The private sector also brings skills and knowledge to bear on what can often be complex issues.”
About This Quote
Source Speech: Parliamentary debate on economic policy, United Kingdom, 2018
Free markets foster competition that drives innovation, allowing new ideas and expertise to tackle complex problems.
In simple terms: Competition spurs innovation and expertise.
Leverage market competition for problem solving.
Themes
Mood
Type
When to use this quote
- policy making
- business strategy
- public‑private partnerships
- technology development
Key Concepts
Questions to Reflect On
- How can regulation balance competition with fairness?
- What role should government play in guiding innovation?
Market forces alone may not address equity or externalities.