The basis of competition is freedom of choice exercised in the pursuit of money.
<h3>What is competition?</h3>
Competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements.
The purpose of competition is for businesses to try to outdo each other in order to earn more.
Also, competition enable businesses come up with newer ways to please their customers, hence come up with amazing innovative ideas and better products.
Hence, the basis of competition is freedom of choice exercised in the pursuit of money.
Learn more about economic competition here : brainly.com/question/967467
Answer:
Marketing only occurs when two or more parties are willing to exchange one thing for another thing.
Explanation:
It is understood that marketing only occurs when two or more parties are willing to exchange one thing for another thing.
Factors of production im pretty sure
Answer: True
Explanation: This quiz question explains the relationship between income and demand.
False, professional shoplifters steal to resell items