Explain the role of competition in present life – InterviewSolution

InterviewSolution

1.	Explain the role of competition in present life
Answer» It performs many useful functions in society. Some of the main functions are: (1) It serves the function of ALLOCATING scarce REWARDS among the competitors. (2) It has the additional function of stimulating both individual and group ACTIVITY in a manner to INCREASE the total productivity of the competitors.

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