answersLogoWhite

0

What else can I help you with?

Related Questions

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 a monopol and a cartel?

to control competition and keep prices high


What is the primary goal of both monopoly 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


How does competition keep prices low?

Competition keeps prices low by encouraging businesses to improve efficiency and reduce costs in order to attract customers. When multiple companies offer similar products or services, they often lower their prices to gain market share. This price competition forces businesses to innovate and provide better value to consumers, which further drives down prices. Ultimately, the presence of competition ensures that consumers have choices and can shop around for the best deals.


Are supermarkets a benefit to the UK society?

Yes because they keep retail prices low through competition and therefore the cosumer is the winner.