English, asked by mjgammgili, 7 months ago

Is competition good for the economy? If yes, how? If no, why?

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Answered by chiThra229

Answer:

Competition is ordinarily viewed as good. It is, after all, the backbone of most developed countries' economic policies. ... Competition can yield lower prices, better quality, more choices, innovation, greater efficiency, increased productivity, and additional economic development and growth.

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