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Competition and self-interest are two forces in free market economies.

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∙ 9y ago
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∙ 6mo ago

Competition and self-interest are two important forces in market economies. Competition helps drive efficiency and innovation by encouraging firms to lower prices and improve quality to attract customers. Self-interest motivates individuals to work hard, innovate, and make decisions that benefit themselves, thus contributing to the overall growth and functioning of the economy.

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Q: What are competition and self-interest two important forces in?
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Related questions

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