Competition Quote by Ludwig von Mises
“The sharper the competition, the better it serves its social function to improve economic production.”
About This Quote
Source Book: Human Action, 1949
Competition drives social functions that enhance economic productivity.
In simple terms: Competition improves economies.
Support healthy competition.
Themes
Mood
Type
When to use this quote
- policy making
- business strategy
- entrepreneurship
- education
- public debate
Key Concepts
Questions to Reflect On
- How does competition benefit society?
- When can competition be harmful?
May ignore negative externalities of competition.