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Do you believe every business should compete in the marketplace..

King Belieal

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Recently, Dangote Group, a renowned business in my country asked government for monopoly. This has led to backlash with people saying that he must compete in the market. This company is employing thousands of people.

Do you believe such a business should follow and compete?
 
In theory, all businesses should compete in the market or marketplace, especially to prevent imperfect competition, but as government officials behind the company will make efforts to determine how their company can dominate the market, so that retail entrepreneurs will find it difficult to compete or enter the market.
 
I believe that no business should be granted a monopoly, regardless of its size or number of people it employs. Competition is important for a healthy economy as it drives innovation, lowers prices, and ultimately benefits consumers.
 
Competition is good for it drives you to do more, plan more and to find the right assets for your business to boom. If your business booms then your profit will be skyrocketing.
Any business industry that does not have competition among businesses doesn't have improvement in that industry. Competition is good for any business industry.
 
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