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Yes.
Greater competition between firms/countries/... makes the productive capacity rise and will reduce costs. The rise in the productive capacity is mainly achieved by investing in new capital goods (or replacing the old ones). Of course this will reduce the labor needed (so less costs) and will increase efficiency in the end.
What else can I help you with?
What promotes greater efficiency and lower price by protecting competition?
Antitrust laws
Which of the following promotes greater efficiency and lower prices by protecting competition?
antitrust laws -apex :)
Why does competition foster efficiency?
1. Competition fosters efficiency because producers have to offer the best products at reasonable prices.
What are effects of trading with other countries?
Trading with other countries can lead to economic growth by expanding markets for goods and services, promoting competition, and fostering innovation. It often results in lower prices and greater variety for consumers due to increased supply and efficiency. Additionally, international trade can create jobs in export industries, although it may also lead to job losses in sectors exposed to foreign competition. Overall, trade can enhance economic interdependence and strengthen diplomatic ties between nations.
What statement explains of the effect of international trade on America industries?
International trade has a significant impact on American industries by increasing competition, which can lead to greater efficiency and innovation. It allows U.S. companies to access larger markets, boosting sales and profitability. However, it can also lead to challenges for certain sectors, as industries facing foreign competition may struggle to maintain market share and jobs. Overall, while trade can enhance economic growth, it necessitates adaptation and resilience within various industries.
Why does the growth of the international trade lead to a rising global standard living?
International trade enables specialization, which brings increased efficiency and greater competition.
Why does the growth of international trade lead to a global rising standard of living?
International trade enables specialization, which brings increased efficiency and greater competition.
What promotes greater efficiency and lower price by protecting competition?
Antitrust laws
What antitrust laws promote greater efficiency and lower prices by protecting?
Competition
Which of the following promotes greater efficiency and lower prices by protecting competition?
antitrust laws -apex :)
Benefits of privatisation?
The benefits of privatization are that there can be increased competition. This can lead to increased efficiency, and better prices for consumers.
Why does competition foster efficiency?
1. Competition fosters efficiency because producers have to offer the best products at reasonable prices.
What is one way in which increased international trade improved standard of livin for both Americans and europeans?
International trade enables specialization,which brings increased efficiency and greater competition to spur the market
What are financial influences in business?
Financial influences in business is the deregulation resulting in the opening up for the financial industry to much greater competition. Deregulation - Is the removal of government regulation from industry, which increases efficiency and improving competition. Bibliography: Business in action text book Preliminary Course
What are effects of trading with other countries?
Trading with other countries can lead to economic growth by expanding markets for goods and services, promoting competition, and fostering innovation. It often results in lower prices and greater variety for consumers due to increased supply and efficiency. Additionally, international trade can create jobs in export industries, although it may also lead to job losses in sectors exposed to foreign competition. Overall, trade can enhance economic interdependence and strengthen diplomatic ties between nations.
What statement explains of the effect of international trade on America industries?
International trade has a significant impact on American industries by increasing competition, which can lead to greater efficiency and innovation. It allows U.S. companies to access larger markets, boosting sales and profitability. However, it can also lead to challenges for certain sectors, as industries facing foreign competition may struggle to maintain market share and jobs. Overall, while trade can enhance economic growth, it necessitates adaptation and resilience within various industries.
What statement i about competition is true?
Competition drives innovation and efficiency, as businesses strive to improve their products and services to attract customers. It can lead to lower prices and better quality, benefiting consumers. However, excessive competition can also result in market saturation and reduced profitability for companies. Ultimately, healthy competition fosters a dynamic marketplace that encourages growth and advancement.
