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How does competition help consumers?
rs the price and increases the choices given
Why is competition important to a free enterprise economy?
Competition is important to a free enterprise economy for many reasons including; lower pricing, improving product and attracting consumers.
What is the impact of international competition?
International competition allow consumers to have more options when it comes to products. They also help prices fall because the market is more competitive.
How do consumers benefits from competition among business?
competition leads to lower prices
How consumers benefit from competition among businesses?
competition leads to lower prices
What gives consumers more options?
Competition
What is a necessary and extremely important by product of free enterprise?
A necessary and extremely important by-product of free enterprise is competition. This makes it better for consumers who will have the liberty to choose from various suppliers.
What level of competition is most beneficial for consumers?
oligopoly
Why is competition important in a free market system?
they can see the different prices and special functions of a particular product. they can also compare those things. competition isn't only good for consumers but also for the people who make the better product.
What motivates Market economys?
Competition within industries motivates a market economy. With more options, consumers will spend money on the products they want, which will help the economy.
What is a statement about competition is true?
Competition can drive innovation and improvement in products and services, leading to better options for consumers. It can also provide motivation for businesses to operate efficiently and strive to differentiate themselves in the market. Additionally, competition can help prevent monopolies and promote fair market practices.
Economic rivalry among sellers for the consumers' dollars is called?
competition
