Competition or Cooperation which is more important ?

Competition is also easy to win by cooperation.

Co-operation is a socialistic way of resource generation and sharing,

Competition is capitalistic, market oriented way of looking at resource sharing and generating wherein you create newer process methods to produce goods services or reaching out to other fellow human beings, innovative technology to create new standard, 3G, 4G Windows 7. Earlier we did not have blogs, today we have so many of them they are in competition and also in co-operation, we can login to toostep with facebook id PW.

1. The above is the beauty of market economics, you may like to shit on it go ahead.   

Competition catalyses new standards, level, pumps up the market, creates hypes, to steady this level  for making sustained commercial gain cooperation is needed within team, departments, organization and within the industry.

The balancing act creates new paradigm.

To have competition alive we need Co-operation. For having your team, or attrition poaching.

Thank you Arpita

From the consumer point of view competition is more important, as it ensures quality and value of goods and services at economical rates.

On the other hand from the business & Industry point of view, cooperation is more important, as it ensures productivity and economy for the organizations. 

Since the question does not provide any middle option, I have recorded my support for cooperation also from the point of view of the business and industry.

thanks Joydep though I agree with you but at the same time the views of Sharad is also very practical.

Talent is nurtured in collaboration in competive environments. It is the feedback on how much you already master and which development potential you still have that is driving talent into preformance and innovation.

Separating these two things is like separating your body from your head and believe that is it possible to put them back together.

Without comptetion you do not really grow as fast as possible. Without collaboration you cannot do much in any area of life.

Life is never either or. It is both and. In business we tend to forget that everything has at least two sides and that we need to understand both of them and to understand how they interact.