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Competition has, as two of it's results, improved products, and lower prices, both very good things for the consumer.

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Q: Why is competition important in the US enterprise system?
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What describes the free enterprise system of the US?

One of the best ways to describe free enterprise system in the US is that people run their own businesses with limited control from the government. A free enterprise system operates with five main principles that include competition.


What best describe the free enterprise system of the US?

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