in lesson competition matters what observation in author name in supporters of competition
Answers
In the lesson ‘Competition Matters’, the author states that capabilities and performance of children at school are best measured through competition. Not only is competition a measure of capabilities and performance, but also it motivates and develops a spirit of sportsmanship in children.
The author is of the opinion that children should be taught to accept failure, just like they accept success in their day to day lives.
‘Competition Matters’ is an article written by Suzanne Sievert.
1) A perfectly competitive business house is a price taker, which means that it is bound to accept the equilibrium price at which it can sells his commodities.
If a perfectly competitive house of business likes to charge even a tiny amount more than the market price, it will be unable to sell it.
2) Perfect competition occurs when there are more number of sellers, easy entry and exit is stable.
Products are identical from one seller to another, and sellers are price takers.
3) The market structure is the conditions in an industry