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What is the main component that keeps prices low in capitalism?
Wiki User
∙ 10y ago
Within Capitalism, there are many businesses who sell similar products. If one company were to raise their prices of their products higher than another company, then people would buy the products of the company who kept their prices lower. So, companies are forced to keep their prices low so that people will continue to but their products. In short, competition is what keeps prices low in capitalism.
Wiki User
∙ 10y ago
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