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Competition among producers helps keep prices down in this type of economy?
In a market economy, the competition between producers helps keep the prices down. This is an economic practice that is based solely on supply and demand.
What happens if competition decreases in a certain industry?
Competition helps to keep the quality high and prices down. If competition decreases, the quality can go down and the prices can go up in that industry.
Competition among producers helps keep prices down?
marketing
Competition between producers help keep prices down in this type of economy?
competween producers helps keep prices down in this type of economy?
What kind of economy is a competition among producers helps keep prices down?
market
Competition among producers helps keep prices down in this type of economy?
In a market economy, the competition between producers helps keep the prices down. This is an economic practice that is based solely on supply and demand.
What happens if competition decreases in a certain industry?
Competition helps to keep the quality high and prices down. If competition decreases, the quality can go down and the prices can go up in that industry.
Competition among producers helps keep prices down?
marketing
Competition between producers help keep prices down in this type of economy?
competween producers helps keep prices down in this type of economy?
What kind of economy is a competition among producers helps keep prices down?
market
What is the primary goal of both monopoly and a cartel?
To control competition and keep prices high
What is the primary goal of both a monopol and a cartel?
to control competition and keep prices high
How does capitalism achieves key in economic goals?
Capitalism achieves economic growth through a free market. It thrives on competition between companied to keep prices low for consumers and promote better working conditions for employees. The United States is a regulated capitalist economy.
Combining companies to limit competition and keep prices high?
Known as Monopoly. We have laws that restrict this...
One of the things that works to make sure consumers keep getting better products at better prices is?
competition
Are supermarkets a benefit to the UK society?
Yes because they keep retail prices low through competition and therefore the cosumer is the winner.
Why limiting import is detrimental to domestic customers?
Limiting imports impact domestic customers because they have less selection of products, as well as less competition. A lack of competition can cause higher prices since businesses have little incentive to keep prices low when there are fewer businesses to compete with.
