Question
Which of the following leads to better, less expensive products in a capitalist economy?
A
quotas
B
inequality
C
competition
D
market fluctuations
A
quotas
B
inequality
C
competition
D
market fluctuations
Answers
GPT-4o mini
C) competition
In a capitalist economy, competition among businesses typically leads to better and less expensive products. When companies compete, they strive to improve their products and lower prices to attract consumers, resulting in innovation and efficiency.
In a capitalist economy, competition among businesses typically leads to better and less expensive products. When companies compete, they strive to improve their products and lower prices to attract consumers, resulting in innovation and efficiency.