How far competition good for youth?

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Today's I was thinking about Competition which increase day by day, we can see competition in field. Everyone is doing hard work to achive a platform, this success is somewhat depend on hard work also on person luck and some are beating this competition with the strength of money. Increasing comptition in youth have some pros also some cons.In positive way they get a energy to beat other and prove themselves simply if their will no competition no one make effort for achive something on the other hand some people make hard work but still don't get fruitful result and some one of them choose suicide they get hopeless. Upto what extent this competition is good for youth.