how has competition benefited people in India?explain.
Answers
BENEFITS OF COMPETITION :
Ο Competition helps in progress
Ο Competition provides confidence
Ο Competition brings about a change in the person
Ο Competition results in success
Ο Competition brings about better results
Ο Survival of the best in a competition helps to identify talent
Ο Competition promotes sportsmanship
Ο Competition is necessary for development
India benefited a lot from competition .
India's economy and progress was improved.
Hope it helps :-)
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☞Competition from imported goods has benefitted people in India in the following ways
(a) Indian producers have improved their technology and quality to compete with foreign goods. This has benefitted the buyers of the goods as well as the producers, who can now compete in the world market.
(b) Prices of Indian goods have reduced to match those of foreign goods and so buyers of these items have benefitted.
(c) Some Indian companies have entered into collaboration with the foreign companies and some MNCs have invested in Indian companies, thus benefiting both.