--- title: "Meaning & Key Takeaway of: Competition is the most promising means…" description: "\"Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progr..." image: "https://sms4smile.com/quotes/i/872/ludwig-erhard-67085_achieve_competition-is-the-most-promising-means_1409029.png" --- # Competition is the most promising means to achieve and… ![“Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progress. It ensures that all advantages which result from higher productivity may eventually be enjoyed.” quote by Ludwig Erhard](https://sms4smile.com/quotes/i/872/ludwig-erhard-67085_achieve_competition-is-the-most-promising-means_1409029.png) [Download](https://sms4smile.com/quotes/i/872/ludwig-erhard-67085_achieve_competition-is-the-most-promising-means_1409029.png) [Open image](https://sms4smile.com/quotes/i/872/ludwig-erhard-67085_achieve_competition-is-the-most-promising-means_1409029.png) > “Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progress. It ensures that all advantages which result from higher productivity may eventually be enjoyed.” Ludwig Erhard ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Competition drives productivity and wealth, allowing consumers to benefit from progress. **In simple terms:** Competition creates wealth for consumers. Key Takeaway Promote fair competition. Themes economics competition prosperity Mood analytical optimistic Type economic theory policy recommendation When to use this quote - business strategy - public policy debates - economic education Key Concepts market dynamics consumer welfare Questions to Reflect On - How can competition be balanced with social equity? - What safeguards protect consumers in competitive markets? A Different Perspective Excessive competition can cause inequality. ★ ★ ★ ★ ★ No ratings yet [Advantage](https://sms4smile.com/quotes/about/advantage/) [Competition](https://sms4smile.com/quotes/about/competition/) [Consumers](https://sms4smile.com/quotes/about/consumers/) [Economic progress](https://sms4smile.com/quotes/about/economic-progress/) [Economics](https://sms4smile.com/quotes/about/economics/) [People](https://sms4smile.com/quotes/about/people/) [Productivity](https://sms4smile.com/quotes/about/productivity/) [Progress](https://sms4smile.com/quotes/about/progress/) [Prosperity](https://sms4smile.com/quotes/about/prosperity/) [Success](https://sms4smile.com/quotes/about/success/) [Wealth](https://sms4smile.com/quotes/about/wealth/) ## Related quotes > [Today the main, over-riding purpose of the European Union is different: not to win peace, but to secure prosperity.](https://sms4smile.com/quotes/david-cameron/today-the-main-over-riding-purpose-of-the-european-union-is-different/) [David Cameron](https://sms4smile.com/quotes/author/david-cameron/) > [My object, having a surplus to deal with, is to consider how I can deal with it to the greatest advantage to the consumer…](https://sms4smile.com/quotes/robert-peel/my-object-having-a-surplus-to-deal-with-is-to-consider-how-i-can-deal/) [Robert Peel](https://sms4smile.com/quotes/author/robert-peel/) > [Science has been the absolute bedrock of technological and economic progress in the United States.](https://sms4smile.com/quotes/lewis-m-branscomb/science-has-been-the-absolute-bedrock-of-technological-and-economic/) [Lewis M. 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