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Is it true or false that the invisible hand of competition ensures that only the most efficient producers will survive the market place?
Wiki User
∙ 14y ago
False. The invisible hand works to make businesses more competitive, but never to work towards monopolies.
Wiki User
∙ 14y ago
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Which cabinet department ensures the healthy competition of business in your free enterprise system?
Justice
Which cabinet department ensures the healthy competition of business in our free enterprise system?
Justice
How does the free market ensurEs an efficient allocation of resources?
because there is no restriction on the usage of resourses so they can use according to their need.
Why is the price system a efficient way to allocate resources?
ensures that resource use will adjust relatively quickly to the changing demands of consumers
Why are there mixed economies?
·Provides fair competition: the presence of private enterprise ensures that there is fair competition in the market and that the quality of goods are not compromised·Marketprices are well regulated: government ensures market price does not go beyond a good’s actual price·Optimum utilizationof national resources: both government and private enterprises are utilising resources.·People have more power: general public has more of a say when it comes to quality and prices·No monopoliesallowed: both government and private enterprises enter every sector for business
Which cabinet department ensures the healthy competition of business in your free enterprise system?
Justice
Which cabinet department ensures the healthy competition of business in our free enterprise system?
Justice
What is the the statutory requirement that ensures full and open competition for government acquisitions?
The statutory requirement that ensures full and open competition for government acquisitions is the Competition in Contracting Act (CICA). This act requires federal agencies to obtain full and open competition in their acquisitions, ensuring fair and equitable opportunities for all potential vendors to compete for government contracts.
Is the statutory requirement that ensures full and open competition for government acquisitions?
These vary according to the country
What ACT is the statutory requirement that ensures full and open competition for government acquisitions?
These vary according to the country
How do you operate a quarry well?
a quarry manager ensures that the operation of a quarry is carried out in a professional, efficient, and safe manner
Which oven is the most energy efficient?
When buying any appliance, look for the Energy Star label. This ensures you are getting an energy efficient product. However, convection ovens are about 20% more energy efficient than conventional ovens.
How does the free market ensurEs an efficient allocation of resources?
because there is no restriction on the usage of resourses so they can use according to their need.
Why is the price system a efficient way to allocate resources?
ensures that resource use will adjust relatively quickly to the changing demands of consumers
Are the Electrolux brand of dishwashers energy efficient and marked with the energy star?
Yes, Electrolux is concerned with the environment and ensures its appliances are energy star compliment.
What is a Hedge Fund Administration?
A Hedge Fund Administration describes the day-to-day managements of the Fund. The administration ensures that the Fund is operated in an efficient manner.
Is competition good or bad for organisms?
Good. It helps to control population and contribute to 'survival of the fittest,' which ensures the best genes are carried on through generations.
