"America has always understood this principle of the economy - that everyone can benefit when everyone competes"

In this quote, Julia Gillard, the previous Prime Minister of Australia, is highlighting the importance of competitors in the economy. She states that America has constantly recognized this principle, which is that when everyone completes, everyone can benefit. This implies that when there is healthy competitors among individuals and companies, it can lead to development, performance, and ultimately, economic development. Gillard is highlighting the concept that competition is not a negative force, however rather a driving force that can cause favorable outcomes for all involved. This quote functions as a tip that competition is an essential aspect of a growing economy.