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they can see the different prices and special functions of a particular product. they can also compare those things. competition isn't only good for consumers but also for the people who make the better product.
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∙ 13y ago
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How do you best describes the relationship between competition and a free-market economy?
The following statement best describes the relationship between competition and a free market system: Competition increases within a free market system.
What economic system allows competition?
The Free Market system is designed for 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.
What is one of the important advantage of a free market?
Unrestricted competition
Why competition is an important of a 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 competition an important part of free market system?
Without competition, people wouldn't have a lot of choices
How do you best describes the relationship between competition and a free-market economy?
The following statement best describes the relationship between competition and a free market system: Competition increases within a free market system.
What economic system allows competition?
The Free Market system is designed for 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.
What is one of the important advantage of a free market?
Unrestricted competition
Which of these is most important in a free-market system?
The laws of supply and demand are the most important factors in a free-market system.
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.
The free market system cannot exist without government regulations for what?
The profit motive undermines competition unless competition is protected.
