____ is a necessary and extremely important by-product of free enterprise.
A) Monopoly
B) Socialism
C) Communism
D) Competition
E) Poverty

Question

Quizplus · Accepted Answer

Competition is a necessary and extremely important by-product of free enterprise. It encourages innovation, efficiency, and better quality products or services. Without competition, businesses may become complacent and less motivated to improve, which can ultimately harm consumers. Monopolies, socialism, communism, and poverty are not by-products of free enterprise, but rather can occur when there is a lack of competition or government intervention.

____ Is a Necessary and Extremely Important By-Product of Free