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When it comes to defining the pure competition, the market is pure monopoly in which there will be only one seller mainly in the market. Opposite can also happen in which so many sellers come into play. This is a risky situation as well.
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Pure Competition is needed in all fields of the life.
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Whichever carrier you choose or even in life you would have to confront this race of competition. People regard life itself as one big race in which people are contestants. So this is a no big deal. All you have to do is be yourself, work hard and keep running towards your goal whatever it is.
Competition is what drives things in general to excel, so I'm all for that.
Competition is integral to progression, is something I have learnt.
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