Essay on advantages and disadvantages of competition
Answers
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Since the beginning of functional human civilization, competition has existed with varying manifestations. It was either in form of dialectics or wars, the spirit of competition and the desire to acquire the best has never faded even to date. Competition is axiomatic with evolution and development. It makes things more exciting, reasonable and motivating. Humans are driven by the predisposition to work harder and faster than their friends and foes alike to reach the best position. Be it scientific discoveries or acquisition of wealth, hunting and gathering to the conquest of lands, ideological fights to revolutions, competition has always remained in the front. History is replete with testimonies of how this phenomenon has shaped humanity. One of the greatest minds ever born, Charles Darwin has rightly propounded the basic principle of survival of the fittest, right from biological evolution to mundane modernization.
Competition begins from the very first moment a human is born. It stretches beyond the imagination of individuals themselves as to how long and how far they would need to go in order to acquire those quintessential desires. This methodology has its own pros and cons. Although it’s the prerogative of human beings to compete and establish the best in their capacity or fall prey to any ferocious competitor.
The advantages of competition are humungous and uncountable. A student in her early life is taught the value of competition and how getting the top ranks in academics can make or break a career or future prospects. It inculcates a sense of responsibility and zeal. There is a natural tendency of every existing person to favor, love, admire, or cherish the more successful ones. As the famous thinker Aristotle recognized the need for incentivization, he outlaid the principle of competition is the stepping stone of every discourse in life. The results that are generated as a consequence of competitive procedures are most polished, worthwhile, and forward-looking.
Similarly, this competition forms the basic ideology of capitalism, an economic methodology by which markets rule the game of supply and demand. Multiple firms compete with each other to generate the best prices, free from government intervention, which gives consumers the best quality products at the most advantageous prices. Capitalism thrives on this ideology and has increased the standards of living, provided employment opportunities at an unending scale, and ensured that consumers remained the biggest beneficiaries. An absence of competition means monopoly which leads to persecution, exploitation, the concentration of wealth, and poor quality of life. Such circumstances have been reflected in the era of communist politics where millions were starved to death and the economy came crashing down as a result of the monopoly of goods and services.
Competition also forms the bedrock of democracy which ultimately is synonymous with rule of law. When legislators stand the scrutiny of citizens, they face the competition of being the best to govern, administer, and deliver on their promises. The one who is more qualified and deserving gets the position. If there was no competition in the election process of representatives, that would simply imply authoritarianism or dictatorship. As long as competition remains healthy and positive in outlook, it simply leads to churning out the best and desirable.
On the other, it is notable that competition can have negative consequences for procedural misappropriation or malicious intentions. As demonstrated previously by the example of capitalism, there is another side to the story. Excessive competition often involves utilization of crooked or fallacious means of attainment of goals. An environment of unhealthy rivalry is created on its own. Internal work and relationships get affected negatively and the results can be counterproductive to the actual motive. Instead of self-improvement, people might get depressed, demotivated, and lose out in the game. Since the losers have no place in the fast world, there can be the demise of personality and a huge stigma or depression unfair to humans.________________________________________________
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