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What was the main objective of the agricultural adjustment act?
The primary goal of the Agricultural Adjustment Act of 1933 was to restore the price of farming commodities to prices pre-war. The Secretary of Agriculture had a five step program to ensure this success.
Why should governments regulate competition in a country?
Study Island: to ensure a wide variety of products for consumeralso study island: to keep prices of goods and services low
One of the things that works to make sure consumers keep getting better products at better prices is?
competition
What do anti trust laws do?
Speeds up the flow of capital and wages
What antitrust laws promote greater efficiency and lower prices by protecting?
Competition
Was a new deal program that set prices of many products to ensure fair competition?
The National Industrial Recovery Act was a New Deal program that set the prices of many products to ensure fair competition.
What are advantages of competition?
Competition stimulate innovation. It also forces the prices of products to go down over time. With competition, consumers can pay reasonable rates for products.
In what ways does imperfect competition differ from perfect competition?
Imperfect competition differs from perfect competition in several ways. In imperfect competition, there are fewer sellers, products may be differentiated, and firms have some control over prices. In contrast, perfect competition has many sellers offering identical products, with no control over prices.
Why are apples and oranges perfect competition?
Increasing competition can lead to the fact that the prices of these products are lowered by the producing companies involved.
Why does competition foster efficiency?
1. Competition fosters efficiency because producers have to offer the best products at reasonable prices.
What is the struggle between buyers and sellers to get the best products at the lowest prices?
That Would Be COMPETITION
What was the main objective of the agricultural adjustment act?
The primary goal of the Agricultural Adjustment Act of 1933 was to restore the price of farming commodities to prices pre-war. The Secretary of Agriculture had a five step program to ensure this success.
Why should governments regulate competition in a country?
Study Island: to ensure a wide variety of products for consumeralso study island: to keep prices of goods and services low
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 has the author K Sivakumar written?
K Sivakumar has written: 'Quality-tier competition' -- subject(s): Brand choice, Quality of products, Prices, Competition
Why does competition among producers result in lower prices and better product quality and customer service?
It is a matter of basic Economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
One of the things that works to make sure consumers keep getting better products at better prices is?
competition
