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

Question

Quizplus · Accepted Answer

Competition is a necessary and extremely important by-product of capitalism. It allows for consumers to have choice and for businesses to strive to improve their products and operations in order to stay competitive. Competition also drives innovation and can lead to economic growth. Monopoly, socialism, communism, and poverty are not necessary by-products of capitalism.

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