Effective competition is key to economic growthEffective competition is a driver of economic growth. In addition, effective competition pushes firms of all sizes to innovate and differentiate, bringing new products and services to the marketplace. This type of business environment attracts national and foreign direct investment, boosting economic growth. It is against this backdrop that competition agencies globally commemorate the World Competition Day (WCD) on December 5 in order to underscore the importance of effective competition to the economy. This year’s WCD them is: ‘ensuring effective competition in an increasingly online world’.

Source: Standard Digital December 04, 2019 16:52 UTC