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One result of market economies are companies which compete with each other. True or False?

Alexa Spicer

in Business

1 answer

1 answer

Tara Andrews on March 12, 2018

ANSWER: TRUEEXPLANATION: The statement is true that the result of the economies of the market are companies that compete with each other. In a market, if there is no competition between the two companies, the market cannot be termed as healthy.The competition between the companies to create ups and downs in the market and, simultaneously, to create demand for a particular product or service. The rival companies to create a better product or service for the innovation and try to attract more consumers to the best prices. These exercises create the rotation of the money in the market doing better than the market economies, as well as the country.

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