Explain how self-interest and competition work together to regulate prices.

Social Studies

2 answers:

mars1129 [50]3 years ago

7 0

Answer:

because people do self interest

Explanation:

kvv77 [185]3 years ago

5 0

Self-interest occurs when consumers seeks to buy certain goods or services at the best possible price. Producers, in an effort to make a profit, act on what consumers want. As more producers are drawn into the market competitors will offer lower prices in order to attract more business.

You might be interested in

9. In areas where physical geography made farming more difficult for British colonists, what else do you think they might have d

Alex73 [517]

I think they might have improved the land for crops and made buildings

6 0

3 years ago

During which substage of Piaget's sensorimotor stage does the child begin to act upon the outside world, a process by which infa

Wittaler [7]

Answer: c) Substage 3: Secondary circular reactions

Explanation:

Piaget's theory posits that children go through four different stages of cognitive development. Their mental development includes language, morals, memory and the like.

The sensorimotor stage is the earliest in Piaget's theory of cognitive development and is described as a period of tremendous growth and change.

It is divided into substages, the third of which is called SECONDARY CIRCULAR REACTIONS where the child becomes more focused on the outside world and begins to repeat activities to derive joy from them such as picking up a toy to put in their mouth.

8 0

4 years ago

Plz answer me will mark as brainliest

Luda [366]

Option D, commerce is the answer

8 0

3 years ago

Why is the weight of an object more on Earth than on the Moon?

Alenkinab [10]

Answer:

C, The gravitational pull of Earth is greater than that of the moon.

Explanation:

Took a quiz and got it correct, hope this helps you :)

6 0

3 years ago

Read 2 more answers

Why do you think the Ottoman Empire did not conquer further into Africa or parts of the Arabian Peninsula (Saudi Arabia)?

irina [24]

Answer:The Ottoman Empire, like most throughout history, were more interested in taking coastal ports which would give them access to world trade. Central Africa, the middle of Saudi Arabia, at that time had no known resources. (Of course today, with oil in Saudi Arabia, it is a different matter). Also, it is not easy to conquer and more importantly keep, territory that is far from the coast.

Explanation:

5 0

3 years ago

Read 2 more answers