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Competition is important because without it there would be no markets. What would sports be like without competition, nothing and it is the same with the economy. Competition can be taken away with the use of monopolies, and this was evident in the early 20th century. Competition plays a necessary role in the economy around the world and keeps it going.
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Is competition important?
Competition is important because without it there would be no markets. What would sports be like without competition, nothing and it is the same with the economy. Competition can be taken away with the use of monopolies, and this was evident in the early 20th century. Competition plays a necessary role in the economy around the world and keeps it going.
Why is competition important to a free enterprise economy?
Competition is important to a free enterprise economy for many reasons including; lower pricing, improving product and attracting consumers.
What is one of the important advantage of a free market?
Unrestricted competition
What best explains why competition is an important part of a free-market system?
C. Without competition, people wouldn't have a lot of choices.
What best explained why competition is an important part of a free market system?
C. Without competition, people wouldn't have a lot of choices.
Why competition is an important of a free market system?
Without competition, people wouldn't have a lot of choices
Is competition important?
Competition is important because without it there would be no markets. What would sports be like without competition, nothing and it is the same with the economy. Competition can be taken away with the use of monopolies, and this was evident in the early 20th century. Competition plays a necessary role in the economy around the world and keeps it going.
What do you feel is the most important part of the competition?
i think for me the most important part of the competition is you know how to deal with the other candidates and people not only the candidates and people but also in our environment.
What is the importance of competition?
Competition in business is important for several reasons. First, competition drives innovation. Second, business competition brings better quality. Finally, business competition keeps price inflation in check.
Why is competition an important part of free market system?
Without competition, people wouldn't have a lot of choices
Why is competition an important part of a free-market system?
Without competition, people wouldn't have a lot of choices
Why is the Olympics games important athletic competition?
kamimni\
What is the more important competition in soccer?
the world cup
Why is competition important to a free enterprise economy?
Competition is important to a free enterprise economy for many reasons including; lower pricing, improving product and attracting consumers.
Is competing and winning very important?
No, it isn't. Unless if you don't get 1st place in a competition, you will be shot in the head with a revolver. It's ok to fail at a competition. They aren't important anyways.
what are competition and self-interest two important forces in?
Competition and self-interest are two important forces in market economies. Competition helps drive efficiency and innovation by encouraging firms to lower prices and improve quality to attract customers. Self-interest motivates individuals to work hard, innovate, and make decisions that benefit themselves, thus contributing to the overall growth and functioning of the economy.
Competition and self interest are two important forces in?
Competition and self-interest are two forces in free market economies.
