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lara31 [8.8K]
3 years ago
11

What is the struggle among producers for consumer dollars called? self-interest competition incentive laissez faire

History
2 answers:
Anika [276]3 years ago
7 0
Competition is the answer
mel-nik [20]3 years ago
6 0

The correct answer is: "competition" .

When several firms operate in a market there is competition. They all aim to gain the largest market share (proportion of total consumers) as possible.

If one the firms offers the same product at a lower price, many consumers will leave other suppliers and buy the product from that cheaper competitor. Other firms are forced to lower the price too, not to lose all the customers on behalf of the first, or to increase the quality or attractiveness of its products so that consumers stay, instead of switching to the other cheaper option.

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<em>1. What did Southey think of the New Lanark children's precision drilling? </em>

<em>He thought of what T. Vardon had told him about the cows in Holland. When the cows are taken to shelter, Dutch prevent them from dirtying their tails by tying them and the consequence is that when a cow wags its tail, the others must do it too. He thought that the puppet-like movement of the children were like the water wheel of the Cotton-Mills. </em>

<em>  </em>

<em>2. According to Southey, why was New Lanark like a plantation? </em>

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<em> </em>

<em>3. What contradictions did Southey note in Owen's system of social organization? Do you agree with Southey? Why or Why not? </em>

<em>The contradictions Southey noted in Owen’s system of social organization was that Owen considered his workers as human machines and that Owen expected all mankind would be governed by the same principles of The New Lanark. Southey mentions that Owen hid from others and from himself believing that his system looked for perfect freedom but with the high price of being kept by absolute power.  </em>

<em>I agree with Southey because Owen, by his principles, intended to destroy all character and individuality, which is the power of human society.  </em>

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Explanation:

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