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Q: How does competition benefit the general economy?
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What impact do entrepreneurial resources have on Germany's economy?

They benefit the economy by providing jobs, goods, and competition.


How does an individual benefit from a market economy?

With a market economy, individual can get lower price and much more choice which is a direct result of competition.


How will the fifa confederations cup benefit south African tourism industry and the economy os south Africa?

It might benefit tourisim, and and the economy but you must remember that a global recession is on , and will it affect the competition.


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The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.


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How did Reconstruction benefit landowners in the agricultural economy of the South?

How did Reconstruction benefit landowners in the agricultural economy of the South?


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The Indian economy does get benefit from globalization because the economy is allowed to access markets in many countries.


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competition leads to lower prices


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The use of cargo containers benefit the economy by keeping distribution costs low.


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To prevent "evil monopolies" and to protect the rights of workers. Also to fulfill the needs of public goods and to promote and to encourage competition for the benefit of society.


Is the competition high or low in the mixed economy?

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The use of cargo containers benefit the economy by keeping distribution costs low.