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Increased competition refers to a situation where more businesses or entities enter a market, leading to a greater number of options for consumers. This can result in lower prices, improved quality of goods and services, and innovation as companies strive to attract customers. While beneficial for consumers, increased competition can also challenge existing businesses, pushing them to adapt or risk losing market share. Ultimately, it fosters a dynamic marketplace that can drive economic growth.
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What mercantilist policy was designed to protect local industries from foreign competition?
Tariffs increased the price of imported goods
Are there other public functions that might benefit from more competition including competition from private firms?
Highway departments and public education are two public functions that would benefit from more competition. The incentive to work would be increased in order to keep their jobs.
What is an effect of increasing global economic competition on the west?
The growth of the service industry has been one of the results in the West of increased global economic competition. A car mechanic and a waitress are two examples of service industry jobs.
How did globalization benefit developing nations?
Wider choice of goods and better export are some of the important benefits. Moreover, increased inward investment and competition are also some
what the influence of increased competition in entrepreneurship?
Influence of increasing competition situation in business have created a breakthrough opportunity for the development of machinery industry, and at the same time also stimulate the appearance of a large amount of high quality, efficient and environmentally friendly plant, which leads industry to green development path.
How has CNN contributed most to Georgia's economic growth?
CNN has increased business and competition in Georgia.
How did economic goals for countries change as nationalist sentiments grew?
Competition for land, trade, and industry increased
Did the growth of nationalism in the first half of the 19 century lead to increased competition?
The growth of nationalism in the first half of the nineteenth century did not lead to increased cooperation among European nations, but to increased competition.
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.
Which conditions increased prices and allocations goods and services to people who pay the most for them?
increased competition among buyers
To encourage consumption demand for goods was stimulated by?
Increased Business Competition
What do organism experience because of growing populations?
increasing competition
When Edison Electric Company and the Thomson Houston Electric Company engaged in collusion the two companies increased reduced the level of competition in their industry?
increased
How did goals of countries change as nationalist sentiments grew?
Competition for land, trade, and industry increased
How is hypnosis helpful for athletes?
With hypnosis, an athlete can get the release from anxiety and increased level of confidence in competition.
Did increased world competition is one way that farming in the US changed in the late 1800s?
True
What is most likely the reason that deer population decreased from 1920 to 1935?
There was increased competition for food.
