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In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
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 is competition important in the US enterprise system?
Competition has, as two of it's results, improved products, and lower prices, both very good things for the consumer.
What economic system allows competition?
The Free Market system is designed for competition.
What is freemarket system?
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
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 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
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
In a freemarket system consumers let producers know what they want to buy and how much theyre willing to pay through what?
Their purchases.
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 combines free enterprise and government decisions in the marketplace?
freemarket
Why is competition important in the US enterprise system?
Competition has, as two of it's results, improved products, and lower prices, both very good things for the consumer.
What countries use freemarket capitalism?
United Arab Emirates, for one.
What economic system allows competition?
The Free Market system is designed for competition.
