Donohue

The Donohue principle refers to the idea that individuals or entities tend to work harder, innovate, or perform better when they face more competition, rather than less. Essentially, it suggests that the presence of competitors encourages higher effort and better quality, as it drives organizations to improve to stand out. In economic terms, competition acts as an incentive for efficiency and innovation, benefiting consumers with better products and services. This concept underscores the importance of competitive markets in fostering progress and avoiding complacency among businesses.