Quote by Elbert Hubbard

Rivalry is the life of trade, and the death of the trader.

Rivalry is the life of trade, and the death of the trader.

Summary

This quote suggests that competition is essential for thriving in business. Rivalry pushes traders to innovate, improve their products or services, and attract customers. It fuels ambition and drives entrepreneurial spirit. However, if a trader is unable to keep up with the competition or fails to adapt to changing market demands, fierce rivalry can lead to their downfall. If a trader neglects to maintain quality, price competitively, or meet customer expectations, their business may fail due to the intense rivalry within the industry. Thus, while rivalry may invigorate trade, it can also be detrimental if not managed effectively.

By Elbert Hubbard

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