The private enterprise system assumes that competition benefits consumers.

Name: The private enterprise system assumes that competition benefits consumers.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

The private enterprise system is based on the principles of free market competition, which assumes that competition benefits consumers by offering a greater choice of goods and services at lower prices. This encourages innovation and efficiency, which ultimately benefits consumers.

The Private Enterprise System Assumes That Competition Benefits Consumers