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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.
Wiki User
∙ 12y ago
Wiki User
∙ 14y agoit increases the nations wealth
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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 does technological progress lead to?
an increase to efficiency
How do the features of perfect competition and monopoly affect the outcomes of the market?
Economists use two sets of concepts to answer questions. First they apply efficiency concepts such as productive efficiency. Then they ask how perfect competition and monopoly affect the consumer.
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
How do you prove that the efficiency C arnot is greater than 1?
You don't. Such an efficiency can be less than 1, but it can't be greater than 1.
How does the presence of organelles such as chloroplasts lead to greater efficiency in the biochemical pathways within cells?
In an organell, there are opitimum conditions for a specific reaction to occour and reactants for that reaction are provided.
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
Is the true efficiency in a heat pump greater or smaller then the efficiency based on the motor?
It is greater. You need to look for the SEER (Seasonal Engergy Efficiency Rating) to see the true engergy rating of the heat pump.
