Competition, Losing, Justice

The widely presumed virtue of Economic competition is that it conduces to the production of better goods.  Hence, implicit in the presumption is the concept of a positive contribution to the result by its losers.  Now, in athletic competition, recognition of that contribution is typically expressed by some proportionate compensation, e. g. a silver medal, a share of a purse, etc.  On that basis, the winner-take-all principle that is common to Economic competition, can be perceived as unust to its losers.