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[microunit]

Most business that monopolizes a sector barely have increased demands because mostly their products stay the same, can competition in the market really increased a demand in the product?

 

[Corzhens]

When there stiff competition of businesses the tendency is to improve the quality and prices for the benefit of the consumers. It is always good for the buyers when there is competition that sales would increase because of the discounts and promo aside from the new products that are coming in the shelves.

 

[microunit]

I guess when the competition creates quality products with it brings also the demand from people because of the new quality products being rolled out to the masses

 

[Josemendez]

Most business that monopolizes a sector barely have increased demands because mostly their products stay the same, can competition in the market really increased a demand in the product?

Competition Promotes innovation , good quality and gives the consumers wide varieties of options to choose from. It doesn't necessarily increase demand

 

[microunit]

Competition Promotes innovation , good quality and gives the consumers wide varieties of options to choose from. It doesn't necessarily increase demand

Yeah you got a good point, innovation too breeds newer quality products for the customers and with that further demands are created from those innovations

 

[Setfragil]

Market competition can increase the demands of your products if your competitors products are of low quality to what you produce but if there are better products competing with your business, your products is likely to reduce in demands.

 

[Bousine00]

Most business that monopolizes a sector barely have increased demands because mostly their products stay the same, can competition in the market really increased a demand in the product?

Your are correct, but it is not absolute. Some monopolized sectors of the economy still have lots of demand. It's just a case of fixing a friendly price.

 

[ELSA-ELI]

It is always the best option when there is competition on the market as it acts as a buffer to enhance quality delivery of goods and services among the service providers and in turn giving only the best to the consumers.

 

[Ridorz]

Well, I can say competition is the main thing that makes product be a quality and affordable in which to satisfy a customer and increase a selling by stand out from others.

 

[BullyMaguire]

I guess when there's lots of competition.. what will happen is businesses will give their best offers better than the others now people will have a very good chance to buy then.. people tends to buy things they don't even need just because it's cheap or at sale

 

[microunit]

Your are correct, but it is not absolute. Some monopolized sectors of the economy still have lots of demand. It's just a case of fixing a friendly price.

Yeah , in those situations the consumers don't really have a choice because there are no more any business like it , some monopolizing companies are quite curropt too in adjusting their prices

 

[a_jerobon]

I think that competition in the market pushes people to be innovative and creative in their business. Hence there comes great demand for the high quality products in the market.

 

[Razor1911]

Yeah , in those situations the consumers don't really have a choice because there are no more any business like it , some monopolizing companies are quite curropt too in adjusting their prices

Market competition is actually good for the consumers. When there will be competition, the companies will try to produce better products then peer companies. So in that way the quality of the product will increase.

 

[delnovem]

When you the market competition is high surely demand also increase. This is were you see manufacturers trying to beat their other rivals in term of quantity, quality, market value and prize in their goods and services.

 

[Chibson]

Competition is very important in any market, especially for the buyers. When there's competition the buyers will go for the best quality products.

 

[ashim kate]

Whenever there is a lot of people who are into a particular business there is usually competition and insult competition it is always the customers that win. I do not see any scenario that an increase in competition between two companies is going to increase the demand for the products that they sell.

 

[Dav1d]

I read somewhere some time back that buyers are also into competition, the more a particular product is demanded, it means buyers are in a race to make sure they have their copies of that products. Once customers goes into competition like this, it affects the price as well. The product price value tends to increase the higher the demand

 

[ashim kate]

I have not seen a particular scenario in which you can see that the market competition is going to create demand. If there is ever a growing demand for a particular product then it is because of something else instead of the competition that is going on between the seller.

 

[ashim kate]

Your are correct, but it is not absolute. Some monopolized sectors of the economy still have lots of demand. It's just a case of fixing a friendly price.

The overall aim of competition in business is to actually produce better products because if you are not ready to work hard your competition are always there to research and try to take away your customer. This means that as the companies are producing better products and customers are going to be falling in love with it.

 

[Ridorz]

Yes, competition can increase a product selling if your product is quality than the others competitors own. Then, the price is the another method to increase a product selling in a market. Because customer will not be patronizing a product that cost than others. So, competition can truly increase a product selling.