Sociology, asked by amalayallamma, 7 months ago

in what ways the comprtition among the companies result

Answers

Answered by niku4627
1

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Answered by jagritiiiyadav
4

Answer:

Competition among companies can spur the invention of new or better products, or more efficient processes. Firms may race to be the first to market a new or different technology. Innovation also benefits consumers with new and better products, helps drive economic growth and increases standards of living.

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