Suppliers compete for consumer's business and has to outperform each other with respect to:
All these aspects ensures a better consumer experience.
In the absence of competition, the consumer is alone in negotiating with the supplier, who then has a monopoly.
pure competition, monopolistic competition, oligopoly, and monopoly
The benefits of having a private pension is that one does not have to pay tax on it. Because of this, every ¥£160 one puts into their private pension, it will be worth ¥£200.
your money stays safe
How does risk sharing benefit both financial intermediaries and private investors?
to attain some benefit from this private company the shares are being sold to
Free markets can offer consumers a wide range of choices at relatively low prices. However, it's important to remember that the private sector abhors competition - every business tries to eliminate its competitors. Also, the private sector does not pay for and therefore is largely uninterested in the effects of its activities on health and the environment. Hence, the need for government regulation.
social benefits are social and private benefits are private.
Private property, Freedom of enterprise and choice, competition, Role of self interest, Markets and price and Achieve but limited governments.
Private ownership and free markets are characteristics of a free enterprise system. This means that there is no interference from the government in terms of regulating the market and this may hurt consumers.
Free enterprise system
pure competition, monopolistic competition, oligopoly, and monopoly
The Post Office?
The benefits of having a private pension is that one does not have to pay tax on it. Because of this, every ¥£160 one puts into their private pension, it will be worth ¥£200.
No system has ever been based on truly free markets.
True
benefits of public tranporation
1. Ownership of private property/ 2.Perfect competition . 3. Profit motive. 4.Consumers' soveriegnty. 5. Freedom of occupational choice. 6. Least government interference.