Question

18. Competition is beneficial to the competing firms besides benefiting
(A) Producers
(B) Finances
(C) Consumers
(D) Intermediaries​

Answer 1

Answer:

Competition is useful to the competing firms other than benefiting the (C) consumers.

Explanation:

Competition is useful to the competing firms other than benefiting the consumers.

• Genuine market competition is expected for the pioneering soul to create inside a country. This might be portrayed as a corporate environment in which different organizations, both inside and beyond a nation, contend solely on the benefits of their labour and products.
• Uncompetitive commercial centres, then again, can be characterized as a business climate in which undertakings are given special treatment and are safeguarded from the competition.
• Nations that have and uphold serious commercial centres are bound to move the pioneering soul and create long haul monetary development. Nations that cutoff market competition, then again, have fewer business visionaries and thus face more slow monetary development.