Question

why was there a competition amongst European companies and what was the result


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Answer 1

Every country around 1600Bc were interested in more economical development of thier own country....they fought each other for example we can see the British companies and the French companies fighting wars with each other to improve thier economical condition..

Answer 2

The reason for competition was for efficiency and enterprises. Moreover consumers had to create some wider choices as to where to purchase their wants and needs. Competition helped to improve the quality of goods and also reduce the prices of the goods. For companies to attract more customers and sell their goods at a faster rate so as to realize some good profits, the had to improve the quality of their goods and this is through competition