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Benefits of market mechanism system |
| Answer» <html><body><p>tion:In a <a href="https://interviewquestions.tuteehub.com/tag/market-25464" style="font-weight:bold;" target="_blank" title="Click to know more about MARKET">MARKET</a> system, <a href="https://interviewquestions.tuteehub.com/tag/producers-17149" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCERS">PRODUCERS</a> compete with each other by <a href="https://interviewquestions.tuteehub.com/tag/offering-1129014" style="font-weight:bold;" target="_blank" title="Click to know more about OFFERING">OFFERING</a> wider variety of goods, therefore consumers have more choice, this may even lead to lower prices. Competition pushes businesses to be efficient: keeping costs down and production high. ... In order to do this, the <a href="https://interviewquestions.tuteehub.com/tag/firms-989820" style="font-weight:bold;" target="_blank" title="Click to know more about FIRMS">FIRMS</a> need to be more efficient.hope this explanation is helpful for you please <a href="https://interviewquestions.tuteehub.com/tag/mark-555248" style="font-weight:bold;" target="_blank" title="Click to know more about MARK">MARK</a> as brainliest answer ....</p></body></html> | |