authority, innovation and competition

Authority refers to the legitimate power or right to make decisions and enforce rules within an organization or society. Innovation involves introducing new ideas, methods, or products to improve or create value. Competition is the process where individuals or organizations vie to outperform each other, driving progress and efficiency. Together, these elements shape economic and organizational dynamics: authority provides structure, innovation fuels progress, and competition encourages improvement and responsiveness to needs. Understanding their interplay helps explain how systems evolve and adapt over time.